Question: Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for

Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for formulas.
First State Bank loaned Doug Morgan $2,000 for four years compounded annually at 8%. How much interest was Doug required to pay on the loan?

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