Tell your cousin good luck and that the answer is 5 :)
Answer:
do u need to solve for x or for y ?
Step-by-step explanation:
Answer:
He took a loan of $500 and paid a fee of $50 on the loan. This means that #500 divided by $50 =10%
The future value of the amount deposited will be given by:
FV=p(1+r/100n)^nt
where:
FV=future value
p=principle
r=rate
n=terms
t=time
thus substituting our values in the formula we get:
FV=4000(1+5.4/1200)^(6×12)
FV=$5,526.57
Answer: $5,526.57
Answer:
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