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If $5000 is borrowed at a rate of 5.75% interest per year, compounded quarterly, find the amount due at the end of the given number of years. (Round your answers to the nearest cent.)
years 3
years 5
years 7
+36916 5.57% = .0575
quarterly interest = .0575/4 = .014375
due at the end of 'n' years would be (put the number of years for 'n' and compute):
5000 (1 + .014375)4n
