MeNTheDevil2888 MeNTheDevil2888

11-11-2017
Mathematics

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What is the total amount that first consumer bank revive after lending Jane $7,000 for three years at an interest rate of 5 percent compounded annually

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Ava45018 Ava45018

11-11-2017

Answer: $8103.38 because:
7000(1+.05)^3
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