ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9% compound interest. If she spent $7, 400, how much total will she have paid after 8 years.
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$7, 344.96
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$14, 744.96
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$12, 728
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$18, 456
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Explanation:
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