(a) If $500 is borrowed at 14% interest, find the amounts due at the end of 2 years if
Chapter 9, Problem 18(choose chapter or problem)
(a) If $500 is borrowed at 14% interest, find the amounts due at the end of 2 years if the interest is compounded (i) annually, (ii) quarterly, (iii) monthly, (iv) daily, (v) hourly, and (vi) continuously. (b) Suppose $500 is borrowed and the interest is compoundedcontinuously. If is the amount due after years, where, graph for each of the interest rates 14%,10%, and 6% on a common screen.
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