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Mathematics 21 Online
OpenStudy (anonymous):

What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded annually?

OpenStudy (anonymous):

total amount = P (1 + i)t that's the equation

OpenStudy (anonymous):

$10,500

OpenStudy (anonymous):

7,000*.5*3

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