The balance on a car loan after 4 years is $8,996.32. The interest rate is 5.6% compounding annually. What was the initial value
of the loan?
1 answer:
8996.32=p(1+0.056)^4
Solve for p
P=8996.32/(1+0.056)^4
P=7234.51
You might be interested in
Answer:
x<-4
Step-by-step explanation:
Their GCF is 1. They don’t have any others that are the same
Answer:Search it up
Step-by-step explanation:
You multiply -6 and -2/3. Which is 4
Answer:
each jewel was 3 $
Step-by-step explanation:
divide 108.00/36= 3
