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Rom4ik [11]
3 years ago
5

Jake accumulated $8,000 in credit card debt. If the interest rate is 20% per year and he does not make any payments for 3 years,

how much will he owe on this debt in 3 years for quarterly compounding? Round your answer to two decimal places.
Mathematics
1 answer:
SIZIF [17.4K]3 years ago
3 0

Answer:$14,366.85

Step-by-step explanation:

Yep

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