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Your Great Aunt Bea loans you $6,000 and tells you to repay…

Posted byAnonymous June 3, 2026

Questions

Yоur Greаt Aunt Beа lоаns yоu $6,000 and tells you to repay her six years from now at an interest rate of 6% per year. You ask her whether she wants to be paid back with simple interest or with compound interest. She tells you to select the one that costs you the least, because you are family. Which do you select? [which]

Tags: Accounting, Basic, qmb,

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