3 years ago

PLEASE HELP! I WILL GIVE YOU BRAINLIEST!

Mathematics

1 answer:

VMariaS [17]3 years ago

4 0

Answer:

sry, i am doing this for points

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Jenny borrowed $500 for five years at 4 percent interest, compounded annually. What is the total amount she will have paid when

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The total amount due in the future (F) for the current loan (P) with compound interest (i) is calculated through the equation,
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where n is the number of years. Substitute to the equation, the values given above,
F = ($500) x (1 + 0.04)^5 = $608.326
Thus, Jenny would pay approximately $608.326.

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3 years ago

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4 years ago

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