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A finance company offers a promotion on $5000 loans. The borrower does not have to make any payments for the first two years, however interest
A finance company offers a promotion on $5000 loans. The borrower does not have to make any payments for the first two years, however interest will continue to be charged to the loan at 29.2% compounded continuously. What amount will be due at the end of the two year period, assuming no payments are made? (Round your answer to the nearest cent.) $6566.58 If the promotion is extended an additional two years, and no payments are made, what amount would be due? (Round your answer to the nearest cent.) $6627.79
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