Mathematics, 31.05.2020 05:02 guadalupemarlene2001

A certain college graduate borrows 7123 dollars to buy a car. The lender charges interest at an annual rate of . Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate dollars per year, determine the payment rate that is required to pay off the loan in years. Also determine how much interest is paid during the -year period.

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A certain college graduate borrows 7123 dollars to buy a car. The lender charges interest at an annu...