Solved

Solve the Problem. -Find the Amount Owed at the End of 8 Years

Question 360

Multiple Choice

Solve the problem.
-Find the amount owed at the end of 8 years if $5000 is loaned at a rate of 5% compounded monthly.

A) $8060.16
B) $12,911.25
C) $7452.93
D) $9093.60

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