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Suppose you borrowed $10,000 from a bank that charges a 12.3% (APR) interest rate, compounded quarterly. How much do you owe after 3 years? Group

Suppose you borrowed $10,000 from a bank that charges a 12.3% (APR) interest rate, compounded quarterly. How much do you owe after 3 years?

Group of answer choices

$14,162.48

$40,230.65

$10,951.16

$14,382.69

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