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A business owner receives a $5,000 loan with 13% interest, charged at the end of...

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Algebra

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A business owner receives a $5,000 loan with 13% interest, charged at the end of each year.Write an expression to represent the amount owed, in dollars, after the given number of years of making no payments:a. after 1 yearb. after 2 yearsc. after t yearsExplain how to convince someone that your expression for t years is correct.

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