Asked by Anonymous
Suppose that 2000 is loaned at a rate of 9% , compounded semiannually. Assuming that no payments are made, find the amount owed after 10 years.
Answers
Answered by
Reiny
Amount = 2000(1.045)^20
=
=
Answered by
Donald Crentsil
2000x1.66x9
=18000x166/100
=1380+2000
=(3380)x10
=33800
=18000x166/100
=1380+2000
=(3380)x10
=33800
Answered by
Reiny
Amount = 2000(1.045)^20
= $4823.43
= $4823.43
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