Multiple Choice
Moneybag Bank & Trust is offering loans at 5% compounded continuously.Before you decide to borrow using that interest rate, what amount would need to be paid back if the loan is for 10 years?
A) $329,744.25
B) $275,187.36
C) $301,150.15
D) $227,198.05
Correct Answer:
Verified
Correct Answer:
Verified
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