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Aunt Tilly borrows $3,500 from the bank at 12 percent annually compounded interest to be repaid in four equal annual installments. The interest paid in

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Aunt Tilly borrows $3,500 from the bank at 12 percent annually compounded interest to be repaid in four equal annual installments. The interest paid in the fourth year is Select one: O a. $123.46 O b. $1,028.86 O c. $0 O d. $500.00

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