Suppose Josh Borrows $2000 at an interest rate of 3% compounded each year. Assume that no payments are made on the loan. Do not do any rounding. (A) Find the amount owed at the end of year 1. (B) Find

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Denis V asked Apr 6, 2023

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Suppose Josh Borrows $2000 at an interest rate of 3% compounded each year. Assume that no payments are made on the loan.

Do not do any rounding.

(A) Find the amount owed at the end of year 1.

(B) Find the amount owed at the end of 2 years.

Mathematics
high-school

Denis V asked Apr 6, 2023

by Denis V

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19 votes

Answer:

a)2975

b)3450

Explanation:

Rfarias answered Apr 11, 2023

by Rfarias

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