Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound inte

Question

3 years ago

14

Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound inte

rest rate of 15%. The loan compounds once each year. When you calculate Claire’s debt, be sure to use the formula for annual compound interest. A = P (1+StartFraction r Over n EndFraction)nt If Claire does not make any payments, how much will she owe after ten years? $12,136.67 $3,481.24 $6,090.90 $3,232.74

Business

2 answers:

Kruka [31] · Answer 1 · 2021-12-13T10:36:35+03:00

Kruka [31]3 years ago

4 0

Answer: $12,136.67

Explanation:

mafiozo [28] · Answer 2 · 2021-12-13T11:47:18+03:00

mafiozo [28]3 years ago

3 0

Answer:

The answer is A

Explanation:

edg. 2020