Mrs. C loans Mr. R $50 000 to start his magic shop. She charges him 20% interest compounded anually. how much will he own her in FIVE years? Show your work including the formula for calculating compound interest.

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05-06-2021
Mathematics

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Mrs. C loans Mr. R $50 000 to start his magic shop. She charges him 20% interest compounded anually. how much will he own her in FIVE years? Show your work including the formula for calculating compound interest.

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