Answer:
C. 56 is the correct answer, my bad.
Step-by-step explanation:
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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Answer:
a.6.66
b.384
c.860
d.166
Step-by-step explanation:
I'm not sure what you mean by 3 or 6a^9, since there are only variables in the photo, but we can try breaking it down.
Let's start with the bottom,
a^2 * a^3 would be a^5 because for exponents you add the exponents of what's multiplied (product rule)
Then using the quotient rule, where you subtract the exponents, a^5/a^5 = a^(5-5)
And anything to the 0th power is 1, so your answer should be 1
Hope that helps!
N^4
1 + 1 + 4 - 2 = 4
Mark brainliest
