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How much interest will be paid on 5-year, $50,000 loan if the rate of interest is 7.5% compounded annually? Multiple Choice $8,791.18 $9,791.18 $10,791.18 $11,791.18
How much interest will be paid on 5-year, $50,000 loan if the rate of interest is 7.5% compounded annually? Multiple Choice $8,791.18 $9,791.18 $10,791.18 $11,791.18 $12,791.18
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