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

Suppose you invested $10,000 part at 6% annual interest and the rest at 9% annual interest. If you received $684 in interest after one year, how much did you in
F(x) = 3x-7 and g(x) = -2x-6. Find (f o g)(4)
if f(x)=5x-6 and g(x)=x^2-4x-8, find (f+g)(x)a. (f+g)(x)=x^2-x-2b. (f+g)(x)=6x^2-4x-14c. (f+g)(x)=x^2+x-14d. (f+g)(x)=x^2-9x-2
Why were the first factories more efficient than the earlier putting out system?
To which period of time does the Hundred Days refer?
which substance is an example of inorganic matter? A.) Carbohydrate B.) water C.) starch D.) protein
Which of these would not be an appropriate word to substitute for bad? A) Horrible B) Miserable C) Terrible D) Amiable
the inequality 6-2/3x<x-9 is equivalent to...x>9 x<9 x-3/5 x<-3/5
Find the standard form equation of an ellipse with a focus at the origin and the point 4,2 on the latus rectum
Explain why 0.04 divided by 3.6 has the same answer as 4 divided by 360