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Suppose that a loan of $2500 is given at an interest rate of 19% compounded each year.
Assume that no payments are made on the loan.
Follow the instructions below. Do not do any rounding.
(a) Find the amount owed at the end of 1 year.
(b) Find the amount owed at the end of 2 years.
x
?

Sagot :

isobelfraser

Answer:

a)2975

b)3450

Step-by-step explanation:

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