Suppose you lend $2,500 at 11.5% for 3 years. If the interest is compounded annually, how much interest will you receive in those 3 years?
A) $862.50
B) $965.49
C) $3,362.50
D) $2,465.49

Name: Suppose you lend $2,500 at 11.5% for 3 years. If the interest is compounded annually, how much interest will you receive in those 3 years? A) $862.50 B) $965.49 C) $3,362.50 D) $2,465.49
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Question

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The Answer is B

Suppose You Lend $2,500 at 11