341202 341202
  • 08-02-2017
  • Mathematics
contestada

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.

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 08-02-2017
6,000×1.05^(8)
=8,864.73
Answer Link
jop007 jop007
  • 13-02-2017
The answer is $8,864.73
Answer Link

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