# Suppose that - Complete Solution in Excel File

Suppose that $2000 is loaned at a rate of 12%, compounded quarterly. Assuming that no payments are made, find the amount owed after 4 years. Do not round any intermediate computations, and round your answer to the nearest cent.

Suppose that $2000 is loaned at a rate of 12%, compounded quarterly. Assuming that no payments are made, find the amount owed after 4 years. Do not round any intermediate computations, and round your answer to the nearest cent.

Suppose that $2000 is loaned at a rate of 12%, compounded quarterly. Assuming that no payments are made, find the amount owed after 4 years. Do not round any intermediate computations, and round your answer to the nearest cent.

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