jojowilliams28 jojowilliams28

14-05-2020
Mathematics

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$3200 is borrowed at 4.8% interest compounded continuously. If no payments are made, how much will be owed in 2 years?

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ronhagrid310 ronhagrid310

14-05-2020

Answer:

After 2 years, there would be 3200*(1+4.8/100)^2=3514.57$ to be owed

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