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Suppose that $2000 is loaned at a rate of 17%, compounded semiannually. Assuming that no payments are made, find the amount owed after 5 years. Do not round any intermediate computations, and round your
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Suppose that $2000 is loaned at a rate of 17%, compounded semiannually. Assuming that no payments are made, find the amount owed after 5 years.

Do not round any intermediate computations, and round your answer to the nearest cent.

User Matiullah Karimi
by
8.1k points

1 Answer

6 votes

Answer:

3,400

Explanation:

cccccccccccccccccccccccccccccccccccccccccccccccc

User Teneshia
by
8.4k points
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