Question: Finding the final amount in a word problem on compound... Shen borrowed $8000 at a rate of 6%, compounded annually. Assuming he makes no payments,

Finding the final amount in a word problem on compound... Shen borrowed $8000 at a rate of 6%, compounded annually. Assuming he makes no payments, how much will he owe after 3 years? Do not round any intermediate computations, and round your answer to the nearest cent

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