Multiple Choice
How long does it take for a loan of $5000 to accumulate $1000 of interest if j2 = 10%?
A) 1 year,10 months,13 days
B) 1 year,10 months,29 days
C) 3 years,8 months,26 days
D) 3 years,9 months,28 days
Correct Answer:
Verified
Correct Answer:
Verified
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