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Mark Became Overextended in His Gambling Debt and Could Not

Question 106

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Mark became overextended in his gambling debt and could not pay $400 he owed. The loan person said he could have three weeks to pay off the $400 at 6% interest per week compounded continuously. How much will Mark have to pay at the end of the three weeks? Please round the answer to the nearest hundredth. $__________

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