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A Woman Borrowed $30,000\$ 30,000 At 12%12 \% Interest Compounded Annually $17,205.58\$ 17,205.58

Question 167

Multiple Choice

A woman borrowed $30,000\$ 30,000 at 12%12 \% interest compounded annually. If the loan was paid off at the end of 4 years, how much did she pay? Round your answer to the nearest cent.


A) $17,205.58\$ 17,205.58
B) $47,205.58\$ 47,205.58
C) $33,600.00\$ 33,600.00
D) $44,400.00\$ 44,400.00

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