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20. You borrow $1,000 from your bank. The interest rate is 1% per month How much will you have to pay back to the bank

20. You borrow $1,000 from your bank. The interest rate is 1% per month How much will you have to pay back to the bank in one year? A. $1,125 B. $1,010 C. $1,127 $1,120 D. E. none of the above

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