Suppose that $2900 is borrowed for four years at an interest rate of 9% per year, compounded continuously. Find the amount owed,

Question

Suppose that $2900 is borrowed for four years at an interest rate of 9% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.
Do not round any intermediate computations, and round your answer to the nearest cent.

Kunduz · Accepted Answer

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