Graphs, Functions, and Systems
Finding a final amount in a word problem on exponential growth or decay
GOD00 15
An amount of $16,000 is borrowed for 9 years at 7.75% interest, compounded annually. Assuming that no payments are made, find the amount owed after 9
years.
Use the calculator provided and round your answer to the nearest dollar.

Question

08-07-2024
Mathematics

Answered

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Graphs, Functions, and Systems
Finding a final amount in a word problem on exponential growth or decay
GOD00 15
An amount of $16,000 is borrowed for 9 years at 7.75% interest, compounded annually. Assuming that no payments are made, find the amount owed after 9
years.
Use the calculator provided and round your answer to the nearest dollar.

Sagot :

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