Question: Exponents and Exponential Functions Finding the final amount in a word problem on...(0)/(3) Suppose that $2000 is loaned at a rate of 11%, compounded quarterly.

Exponents and Exponential Functions Finding the final amount in a word problem on...(0)/(3) Suppose that $2000 is loaned at a rate of 11%, compounded quarterly. Assuming that no payments are made, find the amount owed after 7 years. Do not round any intermediate computations, and round your answer to the nearest cent. s

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