!!! HELPP !!!!
Suppose that a loan of
$7500 is given at an interest
rate of 14% compounded
each year.

Assume that no payments
are made on the loan.

Follow the instructions
below.

Do not do any
rounding.

(a) Find the amount owed at
the end of 1 year.

$__

(b) Find the amount owed at
the end of 2 years.

$__