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4 years ago

8

Ryan has an eight–year loan for $6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the to

tal amount that he will pay.

2 answers:

MissTica4 years ago

5 0

6,000×1.05^(8)
=8,864.73

dimulka [17.4K]4 years ago

3 0

The answer is $8,864.73

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