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(Solved): Suppose that $ 2 3 0 0 is borrowed for seven years at an interest rate of 4 % per year, co ...



Suppose that $ 2 3 0 0 is borrowed for seven years at an interest rate of 4 % per year, compounded continuously. Find the amount owed, assuming no payments are made until the end. Do not round any intermediate computations, and round your answer to the nearest cent.



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