Mathematics, 14.09.2019 06:30 med69
Acertain college graduate borrows 5510 dollars to buy a car. the lender charges interest at an annual rate of 17%. assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate that is required to pay off the loan in 7 years. also determine how much interest is paid during the 7-year period. round your answers to two decimal places. payment rate dollars per year interest paid dollars click if you would like to show work for this question: open show work show hint unk to text
Answers: 2
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Acertain college graduate borrows 5510 dollars to buy a car. the lender charges interest at an annua...
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