Mark M. answered • 12/28/17
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A = 2000(1 + 0.12/4)(4)(3)
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Topeka C.
asked • 12/28/17algebraic word problem
Suppose that
$2000
is loaned at a rate of
12%
, compounded quarterly. Assuming that no payments are made, find the amount owed after
3
years.
Do not round any intermediate computations, and round your answer to the nearest cent.
$2000
is loaned at a rate of
12%
, compounded quarterly. Assuming that no payments are made, find the amount owed after
3
years.
Do not round any intermediate computations, and round your answer to the nearest cent.
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