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15 October, 01:28

Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when she pays off the loan? total amount = P (1 + i) t $608.33 $729.99 $765.77

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  1. 15 October, 05:26
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    I believe the answer will be $608.33 because when you add the amount that the interest made you would end up getting 608.33.
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