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Interest To help pay for college expenses, Julie Davis
Chapter , Problem 101A(choose chapter or problem)
QUESTION:
Problem 101A
Interest To help pay for college expenses, Julie Davis borrowed $10,000 at 7% interest compounded semiannually for 8 years. How much will she owe at the end of the 8-year period?
Questions & Answers
QUESTION:
Problem 101A
Interest To help pay for college expenses, Julie Davis borrowed $10,000 at 7% interest compounded semiannually for 8 years. How much will she owe at the end of the 8-year period?
ANSWER:
SOLUTION
Step 1 of 3
In this problem, we have to find the compound amount.