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dusya [7]
3 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.
Mathematics
2 answers:
MissTica3 years ago
5 0
6,000×1.05^(8)
=8,864.73
dimulka [17.4K]3 years ago
3 0
The answer is $8,864.73
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Step-by-step explanation:

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