This morning you borrowed $3,900 at 7.75% interest. You are to repay the loan principle plus all of the loan interest in one lump sum two years from today. How much will you have to pay in two
Years?
A) $4,202.25
B) $4,241.41
C) $4,404.19
D) $4,465.11
E) $4,527.92
Correct Answer:
Verified
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