Determine the total amount of an loan of $1620 for 5 years, at an interest rate of 6.9% compounded monthly. Round your answer to 2 decimal places.
Determine the total amount of an loan of $1620 for 5 years, at an interest rate of 6.9% compounded monthly. Round your answer to 2 decimal places.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Pls help on both questions pls I HUMBLY REQUEST
Transcribed Image Text:How much will an investment of $650 be worth at the end of 7 years if it is invested
at a simple interest rate of 2.8%.
Transcribed Image Text:Determine the total amount of an loan of $1620 for 5 years, at an interest rate of
6.9% compounded monthly. Round your answer to 2 decimal places.
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