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Total amount = P (1 + i)t What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded a…

Total amount = P (1 + i)t What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded a…
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total amount = P (1 + i)t What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded annually? A. $8,103.38 B. $8,114.92 C. $8,358.37

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User Burak Day
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1 Answer

3 votes

Answer:

A) $8,103.38

Explanation:

on plato

answered
User Carl Binalla
by
8.2k points
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