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35 votes
Jina borrowed $8000 at a rate of 19%, compounded semiannually. Assuming she makes no payments, how much will she owe after 9 years?

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

Help I'm kinda confused and I don't know what to do for this one in particular. Thank you in advanced

Jina borrowed $8000 at a rate of 19%, compounded semiannually. Assuming she makes-example-1
User Honestann
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1 Answer

23 votes
23 votes

Answer: In nine years she will owe $40,977.37

User Carlos Fonseca
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