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A finance company offers a promotion on $ 7 0 0 0 loans. The borrower does not have to make any payments for the first

A finance company offers a promotion on $7000 loans. The borrower does not have to make any payments for the first three years, however interest will continue to be charged to the loan at 29.4% compounded continuously. What amount will be due at the end of the three year period, assuming no payments are made? (Round your answer to the nearest cent.)
$
13,432.42
Incorrect: Your answer is incorrect.
If the promotion is extended an additional three years, and no payments are made, what amount would be due? (Round your answer to the nearest cent.)
$
20,393.83
Incorrect: Your answer is incorrect.

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