I don’t know but I’m not gonna say anything so you don’t get it wrong
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:
the right ones are a c and d maybe
Step-by-step explanation:
these are probably wrong but I need my points so figure it out.
The horizontal distance between the base of the skyscraper to the ship is 1145 feet.
Data;
- Angle = 45 degree
- Observation deck (adjacent) = 1145 ft
- horizontal distance (opposite) = x
<h3>Trigonometric Ratios</h3>
Using trigonometric ratios, we have the value of adjacent and angle, we can easily use tangent of the angle to find the horizontal distance
Substitute the values into the equation and solve
The horizontal distance between the base of the skyscraper to the ship is 1145 feet.
Learn more on trigonometric ratio here;
brainly.com/question/4326804
Okay! You’re a girl right? Lol
