A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no payments are made, how much would be owed after thre on a loan of $2100? Do not round any intermediate computations, and round your answer to the nearest cent.

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A: you can clearly understand if you follow the below solution

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Q: If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: Explanation: Given that: Principal(P) = $400 Rate(r) = 2.5% or .025 per year Concept: 1. A=P1+rnnt…

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A: Introduction :

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Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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A: Topic:- Algebra

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Q: A certain loan program offers an interest rate of 5% compounded continuously assuming no payments…

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Q: A certain loan program offers a. Interest rate of 8% compounded continuously. Assuming no payments…

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Percentage

A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.

Algebraic Expressions

In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.

Numbers

Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.

Subtraction

Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.

Addition

Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.