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Mathematics, 08.06.2020 21:57 MSSTEALYOGURL3757
Suppose Jenny borrows $8000 at an interest rate of 18% compounded each year.
Assume that no payments are made on the loan.
Follow the instructions below. Do not do any rounding.
(a) Find the amount owed at the end of 1 year.
$
(b) Find the amount owed at the end of 2 years.
$
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Suppose Jenny borrows $8000 at an interest rate of 18% compounded each year.
Assume that no payment...
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