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Business, 29.07.2021 18:40 jacycooley

Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound interest rate of 15%. The loan compounds once each year. When you calculate Claire's debt, be sure to use the formula for annual compound interest. A = P (1+StartFraction r Over n EndFraction)nt If Claire does not make any payments, how much will she owe after ten years?

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