A business owner applies for a credit card to cover $14,000 in emergency expenses. The credit card
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A business owner applies for a credit card to cover $14,000 in emergency expenses. The credit card charges 16.99% annual interest compounded continuously. If no payments are made for 2 years, what will the balance on the card be, rounded to the nearest penny?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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