Multiple Choice
You borrow $10,000 and will pay back the entire amount in 10 years. You are charged 6 percent interest per year. How much interest do you pay on this loan?
A) $6,000.00
B) $7,715.61
C) $7,908.48
D) $11,193.97
Correct Answer:
Verified
Correct Answer:
Verified
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