Suppose that $1800 is borrowed for three years at an Interest rate of 6.5% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end. Do not round any intermediate computations, and round your answer to the nearest cent.

Suppose that $1800 is borrowed for three years at an Interest rate of 6.5% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end. Do not round any intermediate computations, and round your answer to the nearest cent.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Suppose that S1800 is borrowed for three years at an interest rate of 6.5% per year, compounded continuously. Find the amount owed, assuming no payments
are made until the end.
Do not round any intermediate computations, and round your answer to the nearest cent.
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