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3 years ago

10

Wallace took out a $5,000 loan for six years. He is being charged 4 percent interest, compounded annually. Calculate the total a

mount he will pay. $6,326.60 $6,312.38 $6,077.53

2 answers:

Korolek [52]3 years ago

8 0

The solution is 6326.59509248 =6329.60

p=5000,r=4,t=6 years

compound interest=P[1+r\100]^(t)

vichka [17]3 years ago

6 0

The answer to your question is the first answer 6326.60

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