Simplify and Write the Answer in Standard Form

question 12

Multiple Choice

Simplify and write the answer in standard form.

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Definitions:

Borrow

To receive something of value with the promise to return it or its equivalent to the lender at a future date.

Quarterly

Happening or carried out once every three months.

Future Value

The value of an investment or loan at a specified future date, taking into account factors like interest rates and compounding frequency.

Compounded Annually

A process where interest is calculated once a year on the principal amount, including any interest from previous periods, leading to compound growth.