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25-03-2021
Mathematics

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Zoe takes out a $5,155 loan at a rate of 3 7/8% per year, compounded annually. She does not plan to start paying back the loan for 3.5 years. Which of the following is the closest to the total amount she owes after 3.5 years? Explain why

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25-03-2021

7,013 is the correct answer

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