Multiple Choice
You have borrowed $1000 from a friend to pay for unforeseen car repairs,with an agreement to pay interest at an annual rate of 18%,compounding daily.If you repaid your friend after 90 days,how much would you need to repay?
A) $1044.38
B) $1045.00
C) $1045.37
D) $1043.56
Correct Answer:
Verified
Correct Answer:
Verified
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