The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
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Find the number that both can be divided by i.e. the common denominator of 56/8 is 8 because 56 is divisible by 8 and 8 is also divisible by 8.
so by finding the common denominator and dividing the fraction, the equation would look like this: 7/1
.9 1/2 cups is equal to 19/4. divide 19 by 3 (the 3 from 3/4) and you get 6 1/4. Skylar can make 6 batches with this one bag of sugar.
(7,0), (-7,0), (0,7), (0,-7)
Answer:
The correct option is;
B. Yes. The ratios of towers to customers (thousands) are all equivalent to a unit rate of 52 Towers/(Thousand customers)
Step-by-step explanation:
The given data can be presented as follows;
Cell Phone Towers
Customer (thousands) 
Towers
1) 5.25 273
2) 6.25 325
3) 7.25 377
4) 9.25 481
From the given data, we have the ratio Towers/Customer (thousands) given as follows;
For 1), we have;
273 Towers/(5.25 thousands customers) = 52 Towers/(Thousand customer)
For 2), we have;
325 Towers/(6.25 thousands customers) = 52 Towers/(Thousand customer)
For 3), we have;
377 Towers/(7.25 thousands customers) = 52 Towers/(Thousand customer)
For 4), we have;
481 Towers/(9.25 thousands customers) = 52 Towers/(Thousand customer)
Therefore, the ratios of towers to customers (thousands) all have the same equivalent unit rate of 52 Towers/(thousand customers).
