you borrow $2,700 at 8% simple interest per year for five years, how much will you have to repay at the end of five years? Choose the correct answer below. O A. $1.267 O B. $3,780. O C. $1,080 OD. $2,700 O E. $3,967

you borrow $2,700 at 8% simple interest per year for five years, how much will you have to repay at the end of five years? Choose the correct answer below. O A. $1.267 O B. $3,780. O C. $1,080 OD. $2,700 O E. $3,967

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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If you borrow $2,700 at 8% simple interest per year for five years how much will you have to repay at the end of five years?
Choose the correct answer below.
O A. $1,267
O B. $3,780.
O C. $1,080
O D. $2,700
O E. $3,967

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