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A small company borrows $29,000 at 11% compounded monthly. The loan is due in 2 years. How much interest will the company pay? a. $7100.03

A small company borrows $29,000 at 11% compounded monthly. The loan is due in 2 years. How much interest will the company pay? a. $7100.03 b. $36,100.03 c. $6772.12 d. $7029.04

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