Mathematics, 31.08.2019 02:10 tamyrareaves12
Abank made a farmer loan of $1,000 at 14% for 3 years compounded annually. find the future value and the compound interest paid on the loan. compare the compound interest with simple interest for the same period.
future value = $
compound interest = $
simple interest = $
compound interest is = $ more than simple interest.
Answers: 1
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Create a question with this scenario you could ask that could be answered only by graphing or using logarithm. david estimated he had about 20 fish in his pond. a year later, there were about 1.5 times as many fish. the year after that, the number of fish increased by a factor of 1.5 again. the number of fish is modeled by f(x)=20(1.5)^x.
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Abank made a farmer loan of $1,000 at 14% for 3 years compounded annually. find the future value and...
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