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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 com…
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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 com…
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Aug 1, 2021
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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.
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The answer to this problem is A=P(1+r/n)^(nt)
Ancho
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