SOLUTION: Edgar accumulated $5,000 in credit card debt. If the interest rate is 30% per year, and he does not make any payments for 3 years, how much will he owe (in dollars) on this debt in
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Question 1153664: Edgar accumulated $5,000 in credit card debt. If the interest rate is 30% per year, and he does not make any payments for 3 years, how much will he owe (in dollars) on this debt in 3 years by each method of compounding? (Simplify your answers completely.
Answer by greenestamps(13203) (Show Source): You can put this solution on YOUR website!
What does "each method of compounding" mean?
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