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Kevin borrowed $8000 at a rate of 9.5%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years? Do not round any intermediate computations, and round your answer to the
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Nov 23, 2018
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Kevin borrowed $8000 at a rate of 9.5%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years? Do not round any intermediate computations, and round your answer to the nearest cent.
Mathematics
high-school
Talha Abrar
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8000x10.5=8400
400x6=2400
He will owe $2400
Ligi
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Nov 27, 2018
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