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4 years ago

15

Suppose that $2000 is loaned at a rate of 18%, compounded semiannually. Assuming that no payments are made, find the amount owed

after 9 years.
Do not round any intermediate computations, and round your answer to the nearest cent.

1 answer:

STatiana [176]4 years ago

7 0

The answer to this problem is A=P(1+r/n)^(nt)

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