Mathematics, 15.12.2020 01:00, Nolanrdavis

A business owner receives a $5,000 loan with 13% interest, charged at the end of each year. 1. Write an expression to represent the amount owed, in dollars, after the given number of years of making
no payments:
a. after 1 year
b. after 2 years
I
c. after t years
2. Explain how to convince someone that your expression for t years is correct.

Answers: 1

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A business owner receives a $5,000 loan with 13% interest, charged at the end of each year. 1. Writ...