SOLUTION: Suppose that $2000 is loaned at a rate of 7.5%, compounded annually. Assuming that no payments are made, find the amount owed after 8 years.Do not round any intermediate computatio

Question 1201792: Suppose that $2000 is loaned at a rate of 7.5%, compounded annually. Assuming that no payments are made, find the amount owed after 8 years.Do not round any intermediate computations, and round your answer to the nearest cent.
Answer by ikleyn(52832) (Show Source): You can put this solution on YOUR website!
.


the amount owed after 8 years =   dollars.


Use your calculator.

Solved.

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