3 years ago

Stan borrows

2 answers:

5 0

Answer:) Without compound interest, you would earn only $8800.00. This means that thanks to the power of compound interest you will earn an additional $1191.83 in interest at the end of the 5 year term.

Step-by-step explanation:

chubhunter [2.5K]3 years ago

3 0

Answer:

, the formula used is A = P (1 + r/n) ^(nt).

1.) Without compound interest, you would earn only $8800.00. This means that thanks to the power of compound interest you will earn an additional $1191.83 in interest at the end of the 5 year term.

Step-by-step explanation:

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