Mathematics, 18.03.2021 03:20, hayesvolcano

A customer purchase a television set for $900 using a credit card. The interest is charged on any unpaid balance at the rate of 18% per year compounded monthly. If the customer makes no payments for one year and the interest is continously compounded. How much is owed at the end of the year?

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A customer purchase a television set for $900 using a credit card. The interest is charged on any un...