Question:

Suppose that $2900 is borrowed for four years at an interest

Last updated: 7/30/2022

Suppose that $2900 is borrowed for four years at an interest

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.