if interest is compounded monthly, then the actual amount you would owe in the situation of part (b)is given by $7000 ✕ 1.01612. What is the actual amount you would owe at the end of the year? (Round your

asked Aug 10, 2024 46.6k views

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If you look at this rationally I believe it will be 7.0 with the odd number.

Assaf Gamliel answered Aug 16, 2024

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