A consumer charges P dollars on a credit card at an annual interest rate of 26%,
compounded se...
Mathematics, 22.04.2020 07:47 nook4boo
A consumer charges P dollars on a credit card at an annual interest rate of 26%,
compounded semi-annually. With the consumer only paying the interest each month, the
total amount owed after 5 years is $3,024.56. What is the original amount the consumer
arged on the card, P, to the nearest dollar?
Answers: 3
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