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kogti [31]
3 years ago
9

You borrow $600.You pay 5% interest compounded annually. How much do you owe at the end of 4 years?

Mathematics
1 answer:
neonofarm [45]3 years ago
5 0

Answer:

  $729.30

Step-by-step explanation:

Each year, the amount owed is multiplied by 1.05. At the end of 4 years, it will be ...

  $600×1.05⁴ ≈ $729.30

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