Answer:
SPCA factor
Single payment compound amount factor.
Total amount pay A = $24,230.95 (Approx)
Interest paid = $4,230.95 (Approx)
Explanation:
Given:
P = $20,000
n = 6 year
r = 3.25%
Find:
Total amount pay A
Computation:
A=p(1+r)ⁿ
A=20,000[1+3.5%]⁶
A=20,000[(1.0325)⁶]
Total amount pay A = $24,230.95 (Approx)
Interest paid = $24,230.95 - 20,000
Interest paid = $4,230.95 (Approx)
Answer:
The requirement does not meet the feasibility standard.
Explanation:
because the people can just put on the blackbelts
