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QUESTION 3 What is the interest compounded on a short-term loan of $12,000 for 4 years at an annual interest rate of 6%? CA. $3,100

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QUESTION 3 What is the interest compounded on a short-term loan of $12,000 for 4 years at an annual interest rate of 6%? CA. $3,100 B. $1,900 C. $2,000 D. $3,150

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