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Leona [35]
3 years ago
7

What is the total compound interest of a loan for $5,000 with an annual interest rate of 8 percent at the end of a two-year peri

od?
a.800
b. 832
c.432
d.400
Mathematics
2 answers:
hichkok12 [17]3 years ago
7 0
Fv=5000(1+0.08)^2=5,832
Interest earned=5832-5000=832
jeka57 [31]3 years ago
5 0
It's D because 5x8 = 40 and look at the extra zeros
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