A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no payments are made, how much would be owed after four years on a loan of $3300? Do not round any intermediate computations, and round your answer to the nearest cent. $ X S ?
A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no payments are made, how much would be owed after four years on a loan of $3300? Do not round any intermediate computations, and round your answer to the nearest cent. $ X S ?
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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