$3,200 is borrowed at 6.5% 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
$3,200 is borrowed at 6.5% 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
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 26PS
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If $3,200 is borrowed at 6.5% 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
$
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