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Suppose that $2000 is loaned at a rate of 18%, compounded semiannually. Assuming that no payments are made, find the amount owed after 9 years. Do not round any intermediate computations, and round your
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Suppose that $2000 is loaned at a rate of 18%, compounded semiannually. Assuming that no payments are made, find the amount owed after 9 years.

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

User Soccerplayer
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The answer to this problem is A=P(1+r/n)^(nt)
User Ancho
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