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Suppose that $2000 is loaned at a rate of 20%, compounded semiannually. assuming that no payments are made, find the amount owed after 8 years

Suppose that $2000 is loaned at a rate of 20%, compounded semiannually. assuming that no payments are made, find the amount owed after 8 years
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Suppose that $2000 is loaned at a rate of 20%, compounded semiannually. assuming that no payments are made, find the amount owed after 8 years

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User Rezler
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1 Answer

2 votes
the total amount due after 8 years is 6400
answered
User Sharna
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