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Vladimir [108]
3 years ago
9

A bank offers a loan for $8,000 which earns 4.25% interest compounded annually. What is the correct formula to determine how muc

h someone would owe the bank if they took out this $8,000 loan for 5 years?
A. A = 8,000(1 + 0.0425)5

B. A = 8,000(0.0425)5

C. A = 8,000(0.0425)(5)

D. A = 8,000(1 - 0.0425)5
Mathematics
1 answer:
Kisachek [45]3 years ago
7 0

Answer:

C, A = 8,000(0.0425)5

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[(1, 0, 0, 1), (1, 0, 1, 0), (1, 1, 0, 0), (2, 0, 1, 1), (2, 1, 0, 1), (2, 1, 1, 0), (3, 1, 1, 1), (8, 0, 0, 2), (8, 0, 2, 0), (8, 2, 0, 0), (9, 0, 1, 2), (9, 0, 2, 1), (9, 1, 0, 2), (9, 1, 2, 0), (9, 2, 0, 1), (9, 2, 1, 0), (10, 1, 1, 2), (10, 1, 2, 1), (10, 2, 1, 1), (16, 0, 2, 2), (16, 2, 0, 2), (16, 2, 2, 0), (17, 1, 2, 2), (17, 2, 1, 2), (17, 2, 2, 1), (24, 2, 2, 2), (27, 0, 0, 3), (27, 0, 3, 0), (27, 3, 0, 0), (28, 0, 1, 3), (28, 0, 3, 1), (28, 1, 0, 3), (28, 1, 3, 0), (28, 3, 0, 1), (28, 3, 1, 0), (29, 1, 1, 3), (29, 1, 3, 1), (29, 3, 1, 1), (35, 0, 2, 3), (35, 0, 3, 2), (35, 2, 0, 3), (35, 2, 3, 0), (35, 3, 0, 2), (35, 3, 2, 0), (36, 1, 2, 3), (36, 1, 3, 2), (36, 2, 1, 3), (36, 2, 3, 1), (36, 3, 1, 2), (36, 3, 2, 1), (43, 2, 2, 3), (43, 2, 3, 2), (43, 3, 2, 2), (54, 0, 3, 3), (54, 3, 0, 3), (54, 3, 3, 0), (55, 1, 3, 3), (55, 3, 1, 3), (55, 3, 3, 1), (62, 2, 3, 3), (62, 3, 2, 3), (62, 3, 3, 2), (64, 0, 0, 4), (64, 0, 4, 0), (64, 4, 0, 0), (65, 0, 1, 4), (65, 0, 4, 1), (65, 1, 0, 4), (65, 1, 4, 0), (65, 4, 0, 1), (65, 4, 1, 0), (66, 1, 1, 4), (66, 1, 4, 1), (66, 4, 1, 1), (72, 0, 2, 4), (72, 0, 4, 2), (72, 2, 0, 4), (72, 2, 4, 0), (72, 4, 0, 2), (72, 4, 2, 0), (73, 1, 2, 4), (73, 1, 4, 2), (73, 2, 1, 4), (73, 2, 4, 1), (73, 4, 1, 2), (73, 4, 2, 1), (80, 2, 2, 4), (80, 2, 4, 2), (80, 4, 2, 2), (81, 3, 3, 3), (91, 0, 3, 4), (91, 0, 4, 3), (91, 3, 0, 4), (91, 3, 4, 0), (91, 4, 0, 3), (91, 4, 3, 0), (92, 1, 3, 4), (92, 1, 4, 3), (92, 3, 1, 4), (92, 3, 4, 1), (92, 4, 1, 3), (92, 4, 3, 1), (99, 2, 3, 4), (99, 2, 4, 3), (99, 3, 2, 4), (99, 3, 4, 2), (99, 4, 2, 3), (99, 4, 3, 2)]
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