What is the compound interest on $500 at an 8% annual rate compounded annually for two years?
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Mathematics, 16.11.2019 20:31 thompsonhomes1
What is the compound interest on $500 at an 8% annual rate compounded annually for two years?
a. $40.00
b. $80.00
c. $83.20
d. $84.32
Answers: 3
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