Mark M. answered • 12/19/21
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A(10) = 2000(1 + 0.105/2)(2)(10)
Abriana M.
asked • 12/19/21Suppose that $2000 is loaned at a rate of 10.5%, compounded semiannually. Assuming that no payments are made, find the amount owed after 10 years.
| Suppose that $2000 is loaned at a rate of 10.5%, compounded semiannually. Assuming that no payments are made, find the amount owed after 10 years. Do not round any intermediate computations, and round your answer to the nearest cent. |
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