SOLUTION: kathy borrowed 3300 from the bank in first year of college. how much will she owe at the end of 3 years if her loan is at 6% per year, compounded quarterly?
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Question 558153: kathy borrowed 3300 from the bank in first year of college. how much will she owe at the end of 3 years if her loan is at 6% per year, compounded quarterly? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Principal P = 3300
Amount= A
years=n 3.00
compounded 4 times a year t
Rate = 6.00 0.02
Amount = P*((n+r)/n)^n*t
