Question
Edgar accumulated $5,000 in credit card debt. If the interest rate is 20% per year and he does not make any payments for 2 years,
Edgar accumulated $5,000 in credit card debt. If the interest rate is 20% per year and he does not make any payments for 2 years, how much will he owe on this debt in 2 years by compounding continuously? Round your answer to the nearest cent. Do NOT round until you have calculated the final answer.
A=$
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Accountancy Analysis Of Financial Statements Analysis Of Financial Statements
Authors: M. Hanif, A. Mukherjee
1st Edition
1642879762, 9781642879766
