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.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 27EQ
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Round to the nearest cent
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