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Mathematics, 24.03.2020 22:58 dexterwilliams161

Suppose that a loan of $2500 is given at an interest rate of 3% compounded each year.
Assume that no payments are made on the loan. Do not do any rounding.
(a) Find the amount owed at the end of 1 year.
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(b) Find the amount owed at the end of 2 years.

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Suppose that a loan of $2500 is given at an interest rate of 3% compounded each year.
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