johnestrella2007 johnestrella2007

07-04-2024
Mathematics

contestada

Suppose Lisa borrows $8000 at an interest rate of 8% 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.
$0
(b) Find the amount owed at the end of 2 years.

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