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89. Suppose you borrow $1,000 at 8% for 2 years. If the interest is compounded annually, how much money will you owe at the end

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89. Suppose you borrow $1,000 at 8% for 2 years. If the interest is compounded annually, how much money will you owe at the end of those 2 years? A) $1.080.00 B) $1, 160.00 C) $1,166.40 D) $1,345.60

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