Find the indicated quantities for the appropriate geometric sequence.A man borrowed $2000 at 10% interest compounded annually. If he paid off the loan in full at the end of 5 years, how much did he pay? Round to the nearest cent.

A. $3000.00
B. $3221.02
C. $1221.02
D. $2200.00


Answer: B

Mathematics

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A.
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