Question: Please help with the following question. Than Suppose that $2000 is loaned at a rate of 9%, compounded quarterly. Assuming that no payments are made,
Please help with the following question. Than

Suppose that $2000 is loaned at a rate of 9%, 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. $3 x53
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