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You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent
You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent a year for the five-year period, how much interest will you earn on your deposit in five years?
Group of answer choices
$5,073.00
$5,101.50
$3,791.13
$3,807.00
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