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OpenStudy (anonymous):
For compound interest, what are the interest earnings for the lender the first year for a $5,000 loan at 7.5% annual interest compounded annually? A. $75.00 B. $125.00 C. $230.00 D. $375.00
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OpenStudy (anonymous):
5000*(7.5%/2)*2 = 375.00
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