Mathematics, 30.03.2021 01:00 markthecow
A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, the
loan payments they had made to the bank amounted to
$38,250.
The interest rate
the loan, compounded continuously, is
%. If they had taken an 8-year loan instead of a 5-year loan, they
would have paid approximately $
v more.
Maybe this answer will help :) just took it.
Answers: 2
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A couple took out a 5-year $30,000 loan to pay for for their wedding. After 5 years, the
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