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olga55 [171]
2 years ago
11

Shen borrowed $8000 at a rate of 17%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?​

Mathematics
1 answer:
nevsk [136]2 years ago
7 0
224,640
(8,000*1.17)(6*4) due to quarterly interest
(8,009*1.17)(24)
(9,360)(24)
9,360*24=224,640
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