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nasty-shy [4]
3 years ago
7

Find the y-intercept of the line:

Mathematics
1 answer:
Mkey [24]3 years ago
5 0
(0,8)

Glad I could help!!!
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An amount of 40.000 is borrowed for 6 years at 5% interest, compounded annually If the loan is paid in full at the end of that p
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Answer:

A  =  $56,740

Step-by-step explanation:

Use the Compound Amount formula A = P(1 + r)^t.  Substitute 0.05 for r and $40,000 for P:

A = $40,000(1 + 0.05)^6

A  =  $56,740.26, or, rounded off to the nearest dollar,

A  =  $56,740

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