mandismorales21 mandismorales21

15-12-2022
Mathematics

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15. Suppose $12,000 is borrowed for 5 years and is to be paid back with interest in one lump sum. If the annual interest
rate is 8%, what will the lump sum payment be? (Use 1= Prt)
a. $16,800.00
b. $492,000.00
c. $16,100.00
d. $17,400.00
e. $4,800.00

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