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Nana O.

asked • 07/04/18

Suppose that $2000 is loaned at a rate of 11%, compounded semiannually. Assuming that no payments are made, find the amount owed after 5 years.

Do not round any intermediate computations, and round your answer to the nearest cent.

1 Expert Answer

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Naomi S. answered • 07/04/18

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