Mathematics, 05.04.2021 22:10 karlaperez7309

Suppose that $ 1600 is borrowed for seven years at an interest rate of 6% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.
Do not round any intermediate computations, and round your answer to the nearest cent?

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Suppose that $ 1600 is borrowed for seven years at an interest rate of 6% per year, compounded conti...

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More questions: Mathematics Another questions

Suppose that $ 1600 is borrowed for seven years at an interest rate of 6% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end. Do not round any intermediate computations, and round your answer to the nearest cent?

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Another question on Mathematics

Suppose that $ 1600 is borrowed for seven years at an interest rate of 6% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.
Do not round any intermediate computations, and round your answer to the nearest cent?