Seudónimo Seudónimo
  • 02-11-2017
  • Mathematics
contestada

An amount of $41,000 is borrowed for five years at 5% interest, compound annually. If the loan is paid in full at the end of that period. How much must be paid back?
round to the nearest dollar

Respuesta :

Catya
Catya Catya
  • 04-11-2017
P = 41,000(1.05)^5
P = 41,000(1.27628)
P = 52,327
Answer Link

Otras preguntas

What is biogeography and what does it provide?
Find the value of x.  Round to nearest hundredth if necessary.
How do you Factor c(squared)-8c ??
Find the value of x.  Round to nearest hundredth if necessary.
What are the 3 features of a typical seigneurie
Write a system of equations with a solution (4,–3)
which factor made the most difference in how agriculture affected the economies of the colonies?
which factor made the most difference in how agriculture affected the economies of the colonies?
How do scientists use seismic waves to determine the interior structure of Earth?
How do scientists use seismic waves to determine the interior structure of Earth?