Suppose that $2000 is loaned at a rate of 16.5%, compounded monthly. Assuming that no payments are made, find the amount
Posted: Fri Jul 08, 2022 5:32 am
Suppose that $2000 is loaned at a rate of 16.5%, compounded monthly. Assuming that no payments are made, find the amount owed after 6 years. Do not round any intermediate computations, and round your answer to the nearest cent.