Sven accumulated $10,500 in credit card debt. If the interest rate is 3.45% per year and he does not make any payments for 15 years, how much will he owe on this debt in 15 years by compounding continuously?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sven accumulated $10,500 in credit card debt. If the interest rate is 3.45% per year and he does not make any payments for 15 years, how ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the next term in this arithmetic sequence? 11, 8, 5, 2, ...
Answers (2)
Are the two expressions equivalent when x = 2? 7^2 + 4x & 4x + (7*7)
Answers (1)
5 (2-x) is greater than or equal to - 5 (x+8)
Answers (1)
X + y = 7 3x + 4y = 24
Answers (1)
Given that the logarithm of 7623 is 3.8821, what is the logarithm for each answer listed below? a. 0.8821 b. 7.8821 c. 1.8821
Answers (1)
New Questions in Mathematics
A store owner discounted some antique clocks from $750 to $405. what is the discount percentage?
Answers (1)
Which transformation have been placed on the function f (x) = | x | to create g (x) = 12|x-3|-4? Question 8 options: Compressed vertically Stretched vertically Translated up 3 units Translated down 4 units Translated right 3 units Reflected over the
Answers (1)
A large office desk has an area of 42ft^2. if the width is 3.5 feet, write an equation to represent this area
Answers (1)
How do I graph the fraction: 2, 1/3
Answers (1)
1. (-3) 4 is equivalent to which of the following? a. 3 x 3 x 3 x 3 b. - 3 x - 3 x - 3 x - 3 c. 4 x 4 x 4 d. - 4 x - 4 x - 4
Answers (1)