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Bob borrows $6500 at 8% interest compounded anually. How much will he owe after six years? a $6,785.33 b $10,314.68 c $9,620.00 d $12,776.48

Bob borrows $6500 at 8% interest compounded anually. How much will he owe after six years? a $6,785.33 b $10,314.68 c $9,620.00 d $12,776.48
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Bob borrows $6500 at 8% interest compounded anually. How much will he owe after six years?

a

$6,785.33

b

$10,314.68

c

$9,620.00

d

$12,776.48

User Alex Nikulin
by
7.7k points

1 Answer

7 votes
12,776.48 is the correct answer good luck!
User Kane
by
7.7k points
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