!!! HELPP !!!!
Suppose that a loan of
$7500 is given at an interest
rate of 14% compounded
each year.
Assume that no payments
are made on the loan.
Follow the instructions
below.
Do not do any
rounding.
(a) Find the amount owed at
the end of 1 year.
$__
(b) Find the amount owed at
the end of 2 years.
$__