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    The Value of a Loan of $2,000 After a Year
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The Value of a Loan of $2,000 After a Year

Question 35

Question 35

Multiple Choice

The value of a loan of $2,000 after a year at 2 percent interest is:


A) $4,000.
B) $2,020.
C) $2,040.
D) $2,400.

Correct Answer:

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