Question # 2 (Draw a time line to explain the statement) A debt of $7000 accumulated interest at 9.5% compounded quarterly for 15 months, after which the rate changed to 8.5% compounded semiannually...

Question # 2 (Draw a time line to explain the statement)<br>A debt of $7000 accumulated interest at 9.5% compounded quarterly for 15 months, after<br>which the rate changed to 8.5% compounded semiannually for the next six months. What was<br>the total amount owed at the end of the entire 21-month period?<br>

Extracted text: Question # 2 (Draw a time line to explain the statement) A debt of $7000 accumulated interest at 9.5% compounded quarterly for 15 months, after which the rate changed to 8.5% compounded semiannually for the next six months. What was the total amount owed at the end of the entire 21-month period?

Jun 10, 2022

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Question # 2 (Draw a time line to explain the statement) A debt of $7000 accumulated interest at 9.5% compounded quarterly for 15 months, after which the rate changed to 8.5% compounded semiannually...

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