Multiple Choice
You have borrowed $20,000 from your parents to pay for your education.You are going to pay them back in 8 years.They are charging you 2% interest on the loan.The total amount that you will have to pay them in 8 years is closest to:
A) $21,600.
B) $23,200.
C) $23,328.
D) $23,433.
Correct Answer:
Verified
Correct Answer:
Verified
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