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One hundred thousand dollars are deposited in a savings account that pays 16% annually compounded monthly. How much do you get in 3 years? They

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One hundred thousand dollars are deposited in a savings account that pays 16% annually compounded monthly. How much do you get in 3 years? They offer you a 24-month loan at a simple interest rate of 10% per year or a 24- month loan with an annual interest rate of 8% compounded every 6 months. What is the least expensive option

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