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Mathematics
Financial Mathematics
Compound Interest Calculations
Calculate the amount to be paid back after three years on a $3,000 credit card loan with an interest rate of 15% compounded yearly.%C2%A0(1 point) Responses $267,572.61 $267,572.61 $3,138.08 $3,138.08 $4,562.63 $4,562.63 $4,271.48
1 answer
The correct answer is $3,138.08.
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