تم الحل ✓
categoryالإدارة والاقتصاد
schoolبكالوريوس
event_available2026-07-15
السؤال
Transcribed Image Text:
A finance company offers a promotion on $5000 loans. The borrower does not have to make any payments for the first three years, however interest will continue to be
charged to the loan at 29.2% compounded continuously. What amount will be due at the end of the three year period, assuming no payments are made? (Round your answer
to the nearest cent.)
$
If the promotion is extended an additional three years, and no payments are made, what amount would be due? (Round your answer to the nearest cent.)
$
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