If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan, after how many years will you owe $6000? Write your answer to the nearest whole number,

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan, after how many
years will you owe $6000? Write your answer to the nearest whole number,
Provide your answer below:
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Transcribed Image Text:If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan, after how many years will you owe $6000? Write your answer to the nearest whole number, Provide your answer below: ver
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