Mathematics, 07.06.2021 01:00 ttrump03

Edgar accumulated $14,000 in credit card debt. If the interest rate is 40% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to the nearest cent.

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Edgar accumulated $14,000 in credit card debt. If the interest rate is 40% per year and he does not...

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More questions: Mathematics Another questions

Edgar accumulated $14,000 in credit card debt. If the interest rate is 40% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to the nearest cent.​

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Another question on Mathematics

Edgar accumulated $14,000 in credit card debt. If the interest rate is 40% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years for quarterly compounding? Round your answer to the nearest cent.