What is the total amount that first consumer bank revive after lending Jane $7,000 for three years at an interest rate of 5 percent compounded annually

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asked Jul 26, 2018 135k views

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What is the total amount that first consumer bank revive after lending Jane $7,000 for three years at an interest rate of 5 percent compounded annually

Mathematics
high-school

Oscar Peli asked

by Oscar Peli

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1 Answer

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7000(1+.05)^3=8103.38

Andrew Song answered Aug 1, 2018

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