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Assume a 1-year loan for $8,000 has an interest rate of 4.5 percent, compounded annually. How much additional interest would be charged if the rate

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Assume a 1-year loan for $8,000 has an interest rate of 4.5 percent, compounded annually. How much additional interest would be charged if the rate had compounded continuously rather than annually? A. $8.37 B. $8.22 C. $7.79 OD. $8.13 E. $7.91

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