document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1090908>Question 1090908</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You've taken a $7300 loan for college at a rate of 7% compounded semiannually.  How much do you owe on the loan after 3 years?\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #705341 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=705341\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> After 3 years, your loan would be:<BR>\n" );
document.write( "A=7300*(1+ .07/2)^6<BR>\n" );
document.write( "So:<BR>\n" );
document.write( "ln A=ln 7300 + ln (1+0.035)^6=ln 7300+6 ln(1.035)<BR>\n" );
document.write( "ln A=8.89562963 + 0.20640856<BR>\n" );
document.write( "ln A=9.1020381874404768739922614157774<BR>\n" );
document.write( "A=e^9.1020381874404768739922614157774=$8973.56388 as the amount owed after 3 years. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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