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Find the amount owed at the end of 4 years if $3,000 is loaned at a rate of 7% compounded semiannually (twice a year). $3,932.39 $3,950.43 $5,154.56 $3,442.57
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Find the amount owed at the end of 4 years if $3,000 is loaned at a rate of 7% compounded semiannually (twice a year).


$3,932.39

$3,950.43

$5,154.56

$3,442.57

User Shafiq Jetha
by
8.4k points

2 Answers

9 votes

Answer: 3,950.43

Quantumbladez0

Is right

User Anils
by
8.1k points
8 votes

Answer:

3,950.43

Explanation:

User Wenny
by
8.8k points
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