A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments are made, how much would be owed after four years on a loan of $1700? Do not round any intermediate computations, and round your answer to the nearest cent.
A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments are made, how much would be owed after four years on a loan of $1700? Do not round any intermediate computations, and round your answer to the nearest cent.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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