lovable39 lovable39

02-06-2017
Mathematics

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Ryan has an eight–year loan for $6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the total amount that he will pay.

$7,657.69

$8,815.97

$8,864.73

Respuesta :

Pandapando Pandapando

02-06-2017

6000(1+5/100)^8
=$8864.73

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