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Mathematics, 11.02.2021 14:00 nanagardiner08

Suppose that a loan of $8000 is given at an interest rate of 13% 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.
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(b) Find the amount owed at the end of 2 years.

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