Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:

where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4

The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.
Answer:
72
Step-by-step explanation:
Answer:
x=2 , x=(-1)
Step-by-step explanation:
y=x^2+3----------1
y=x+5-------------2
1=2
x^2+3 = x+5
x^2-x-2=0
(x-2)(x+1)=0
x=2 , x=(-1)
Answer:
Please explain right
Step-by-step explanation: