Use the periodic compound interest formula to solve the problem.Letitia borrows $2500 at a rate of 9.5% compounded quarterly. Find how much Letitia owes at the end of 3 years. Round to the nearest cent.

A. $30,712.50
B. $2682.39
C. $3313.35
D. $3644.68


Answer: C

Mathematics

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