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
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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(52817) (Show Source):
