Step-by-step explanation:-8.8e +122
I believe it would be $4,399.15 because if you use the formula I=P*R*T
P=62,845
R=0.07 or 7%
T=1 year period
So overall your equation is 62845*0.07*1=$4,399.15
Now at this point the interest is added onto the principal amount to figure out some new amount after one year so:
62845.00+4399.15=$67,244.15
Answer:
I think steven paid 50,000 dollars in total
Step-by-step explanation: