Mathematics, 03.03.2021 14:00, sweetgigi2364

Suppose that a loan of $8500 is given at an interest rate of 11% compounded each year. Assume that no payments are made on the loan.
Follow the instructions below. Do not do any rounding.
(a) Find the amount owed at the end of 1 year.
s
(b) Find the amount owed at the end of 2 years.

Suppose that a loan of $8500 is given at an interest rate of 11% compounded each year.

Assume tha

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Suppose that a loan of $8500 is given at an interest rate of 11% compounded each year. Assume that...