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What Is the Compound Interest Earned at the End of a 3-Year

Question 29

Multiple Choice

What is the compound interest earned at the end of a 3-year period on a loan with an original principal of $4,500 at 6.75% compounded annually?


A) $303.75
B) $628.00
C) $911.25
D) $974.14

Correct Answer:

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