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HELLPPPPPP!!!!!
Jane needs a short-term loan to buy a new washing machine. She needs to borrow $1500 at 20% compounded
annually and plans to have it paid off in 1 year. Jane writes the formula 1500(1.2) and finds out that this loan will
cost her $1800
Which equation shows how Jane can rewrite the formula to find the annual percentage rate that would cost her the
same amount if it compounded semi-annually?
O A ~ 1500(1.2)
O A = 1500(1.2)2
O A 1500(1.095)2
O A = 1500(1.095)*'
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