A certain loan program offers an interest rate of 2%, compound continuously. Assuming no payments are made, how much would be owed after three years on a loan of 9,200

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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A certain loan program offers an interest rate of 2%, compound continuously. Assuming no payments are made, how much would be owed after three years on a loan of 9,200?
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