Business, 30.06.2019 19:00 lilagvaldez15

Background info: tom finds a second personal loan option. this loan would also require him to repay the principal in one lump sum after three years. loan option b principal: $9,000 type of interest: compound interest interest rate: 8% rate of accrual: once per year use the formula for annual compound interest. a = p (1 +r/n )^nt remember, a refers to the total amount owed. calculate the total amount that tom would repay. $10,337 $11,337 $12,337 $13,337

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Background info: tom finds a second personal loan option. this loan would also require him to repay...

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