celseylynn9054 celseylynn9054

19-07-2020
Mathematics

contestada

Darren accumulated $9,000 in credit card debt. If the interest rate is 4.1% per year and he does not make any payments for 9 years, how much will he owe on this debt in 9 years by compounding continuously? Round to the nearest cent

Respuesta :

ScienceExp2050 ScienceExp2050

19-07-2020

Answer:

$12,921.09

Step-by-step explanation:

9000(1.041)⁹

9000(1.4367641386)

≈$12,921.09

Answer Link

frankynavarro172 frankynavarro172

19-07-2020

The answer is 12,929.29

Answer Link

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