Problem

Credit Card Debt Upon entering college, Meena borrowed the limit of $5,000 on her credit c...

Credit Card Debt Upon entering college, Meena borrowed the limit of $5,000 on her credit card to help pay expenses. The credit company charges 19.95% annual interest, compounded continuously. How much will Meena owe when she graduates in four years?

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Solutions For Problems in Chapter 2.3