Answer:
Amount of loan pay = $6.840 (Approx.)
Step-by-step explanation:
Given:
Amount of loan borrow = $4,500
Rate of interest = 15% = 0.15
Number of year = 3 year
Find:
Amount of loan pay
Computation:
Future value = Present value[1+r]ⁿ
Amount of loan pay = Amount of loan borrow[1+r]ⁿ
Amount of loan pay = 4,500[1+0.15]³
Amount of loan pay = 4,500[1.15]³
Amount of loan pay = 4,500[1.52]
Amount of loan pay = $6.840 (Approx.)
Answer:
6 % is the answer
Step-by-step explanation:
6.50 x 6%=0.39
6.50+0.39=6.89
Answer:
Hi
Step-by-step explanation:
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Answer:
The answer is always C.
Step-by-step explanation:
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