Multiple Choice
Solve the problem.
-A woman borrowed $20,000 at 14% interest compounded annually. If the loan was paid off at the end of 4 years, how much did she pay? Round to the nearest cent.
A) $33,779.20
B) $22,800.00
C) $31,200.00
D) $13,779.20
Correct Answer:
Verified
Correct Answer:
Verified
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