A certain loan program offers an interest rate of 6%, compounded continuously. Assuming no payments are made, how much would be owed after two years on a loan of $3100 ? Do not round any intermediate computations, and round your answer to the nearest cent.

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01-11-2022
Mathematics

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A certain loan program offers an interest rate of 6%, compounded continuously. Assuming no payments are made, how much would be owed after two years on a loan of $3100 ? Do not round any intermediate computations, and round your answer to the nearest cent.

Sagot :

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A certain loan program offers an interest rate of 6%, compounded continuously. Assuming no payments are made, how much would be owed after two years on a loan of $3100 ? Do not round any intermediate computations, and round your answer to the nearest cent.

Sagot :

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