QUESTION 3 What is the interest compounded on a short-term loan of $12,000 for 4 years...

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QUESTION 3 What is the interest compounded on a short-term loan of $12,000 for 4 years at an annual interest rate of 6%? CA.

business finance

Answer 1

Answer #1

Interest Principal*((1+Interest rate)No.of Periods-1) 12000*((1+0.06)^4-1) 3,150! Answer D

Answer 2

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