Summers Wright
01/19/2023 · High School
?UESTION An amount of \( \$ 34,000 \) is borrowed for 11 years at \( 7 \% \) interest, compounded annually. Assuming that no payments are made, find the amount owed after 11 years. Use the calculator provided and round your answer to the nearest dollar.
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The amount owed after 11 years is approximately $71,565.
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