# (a) If \$1000 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest is compounded as follows. (Round your answers to the nearest cent.)(i) annually\$ (ii) quarterly\$ (iii) monthly\$ (iv) weekly\$ (v) daily\$ (vi) hourly\$ (vii) continuously\$

Question
1 views

(a) If \$1000 is borrowed at 9% interest, find the amounts due at the end of 3 years if the interest is compounded as follows. (Round your answers to the nearest cent.)

 (i) annually \$ (ii) quarterly \$ (iii) monthly \$ (iv) weekly \$ (v) daily \$ (vi) hourly \$ (vii) continuously \$
check_circle

Step 1

Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and specify the other subparts (up to 3) you’d like answered.

Step 2

Given that

Step 3

(i)For compounded...

### Want to see the full answer?

See Solution

#### Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in