Mathematics
Mathematics, 14.12.2020 20:50, Acemirisa

$1,000 is borrowed at an interest rate of 8% per year. a. How much is owed at the end of one year if interest is compounded:
i. monthly?
ii. continuously?
b. How much is owed at the end of three years if interest is compounded
continuously?

answer
Answers: 3

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$1,000 is borrowed at an interest rate of 8% per year. a. How much is owed at the end of one year i...

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