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 ?

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 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
?
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Transcribed Image Text: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 ? Save For Later Submit Assignment Check Ⓒ2022 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility GE () F12 F10 :9 esc ! 7 Q FT 2 3 F2 #3 20 F3 E DOD DOD F4 $ 4 R I % 5 ei T F5 T MacBook Air 44 F6 A 6 ( Y & 7 H F7 U ► 11 * 00 8 FB A 1 9 F9 K -0 O P L F11 + 11 = { 1 11 ľ
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