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Q14 please provide answer with explanations 14. Carter held a straight note which carried an annual interest rate of 8.4%. If in five years he

Q14 please provide answer with explanations

14. Carter held a straight note which carried an annual interest rate of 8.4%. If in five years he had received $5,460 in interest, the principal amount of the note was most nearly: A. $10,000 B. $11,500 C. $13,750 D. $15,000

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