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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+)nt if claire does not make any payments, how much will she owe after ten years? $12,136.67 $3,481.24 $6,090.90 $3,232.74

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Claire wants to take out a small personal loan to renovate her kitchen. she borrows $3,000. her loan...
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