rodriguezjennifer090 rodriguezjennifer090

26-05-2021
Mathematics

contestada

An amount of $45,000 is borrowed for 13 years at 6.75% interest, compounded annually. If the loan
paid back
Use the calculator provided and round your answer to the nearest dollar,

Respuesta :

samuelonum1 samuelonum1

31-05-2021

Answer:

$104850

Step-by-step explanation:

Given data

Principal= $45,000

Time = 13 years

Rate= 6.75%

the compound interest expression is

A= P(1+r)^t

A=45000(1+0.0675)^13

A= 45000(1.0675)^13

A= 45000*2.33

A= $104850

Hence the final amount will be $104850

Answer Link

Otras preguntas

A bush is 4m tall a giraffe eat 70cm off the top of the bush.? A) how tall is the bush now in cm ? B) how could you write this in metre?

I have a boil on my rear and is going to get it lanced tommorow, will it hurt?

For each expression,use a property to write an equivalent expression.Tell which property you used. 10:CD= 11:x+13= 12:4(2x-3)= 13:2+(a+b)= 14:Draw algebra t

How do european nations compare to the u.s. in terms of number of slaves and timelines for banishment of slavery?

Italy was used as a battle ground for Austria-Hungary and ___________. a. Spain c. Britain b. France d. Russia

Click an item in the list or group of pictures at the bottom of the problem and holding your mouse button down, drag it into the correct position in the area. R

What is the role of tone in poetry? a. to provide rhythm b. to create images c. to enhance a style d. to express an attitude

I have a boil on my rear and is going to get it lanced tommorow, will it hurt?

what was the patriot perspective of the stamp act

“And then my heart with pleasure fills, And dances with the daffodils.” This is an example of which figure of speech?