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Suppose that $2000 is loaned at a rate of 8.5%, compounded semiannually. Assuming that no payments are made, find the amount owed after 3 years.
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Suppose that $2000 is loaned at a rate of 8.5%, compounded semiannually. Assuming that no payments are made, find the amount owed after 3 years.

User Mike Polen
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1 Answer

6 votes
The answer will be 2,567.36, hoped this helped
User Sary
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