Assuming the loan is as described, seven-year loan, which means that Kyle does not repay a cent before seven years.
This is a compound interest problem where n=7 years, interest rate i=0.05, and present value P=8000.
At the end of seven years, Kyle will have to pay
Future value = F = P(1+i)^n = 8000(1.05)^7 = 11256.80 (to the nearest cent)
Answer:
5.34 x 10^-2
Step-by-step explanation:
Answer: I believe B
Step-by-step explanation:
Answer:
y=5/4-10
Step-by-step explanation:
Answer: True
Step-by-step explanation:
Cost = 15 + 3t
22.5 = 15 + 3(2.5)
22.5 = 15 + 7.5
22.5 = 22.5 <— true
