SOLUTION: Jacqueline buys $3,000 worth of appliances. Customers can finance through the store for 12% financing for 5 years, compounded continuously.
Jacqueline will pay $___________ _____
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Question 1094715: Jacqueline buys $3,000 worth of appliances. Customers can finance through the store for 12% financing for 5 years, compounded continuously.
Jacqueline will pay $_________________
for the appliances, including interest
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
Jacqueline will pay: Pe^(rt)
= 3,000e^0.12*5
= 3,000e^0.6
= 3,000*1.822
= 5,466
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