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PLEASE, SHOW YOUR WORK If you owe the bank $300 in three years, and interest rates are 10%, the true cost to you is: Question

PLEASE, SHOW YOUR WORK

If you owe the bank $300 in three years, and interest rates are 10%, the true cost to you is:

Question 8 options:

a) $210.00

b) $218.70

c) $225.39

d) $270.00

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