Answer:
I believe the correct answer is $10,000. I'm not positive, though.
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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Answer:
26 yards = 78 ft square
78 × 78 = 6084 foot of surface area
Step-by-step explanation:
I think this is correct. Multiply 26y× 3 ft = (78)^2
Answer:
36 centimeters.
Step-by-step explanation:
1. To solve this problem you must find the Greatest common factor.
2. List the prime factor of 108 and 72:

3. Now, you must choose the common prime numbers with the lowest exponents and multiply them:

Answer:
55
Step-by-step explanation:
if it cost 2,145 for the whole thing and 39 for each person 2,145 divide by 39= 55