Question: Need help with compound interest Suppose Melissa borrows $3000 at an interest rate of 11% compounded each year. Assume that no payments are made on

Need help with compound interest

Suppose Melissa borrows $3000 at an interest rate of 11% compounded each year. Assume that no payments are made on the loan. Follow the instructions below. Do not do any rounding. (a) Find the amount owed at the end of 1 year. (b) Find the amount owed at the end of 2 years. $ X U

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