1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dmitriy789 [7]
3 years ago
8

An amount of $32,000 is borrowed for 10 years at 5.75% Interest, compounded annually. If the loan is paid in full at the end of

that period, how much must be
paid back?
Use the calculator provided and round your answer to the nearest dollar.
5
?
Mathematics
1 answer:
Leya [2.2K]3 years ago
6 0

Answer:

Total cost of the loan $55,969.8.-

Step-by-step explanation:

Giving the following information:

An amount of $32,000 is borrowed for 10 years at 5.75% Interest, compounded annually.

<u>To calculate the total cost of the loan, we need to use the Future Value (FV) formula:</u>

<u></u>

FV= PV*(1 + i)^n

PV= loan

i= interest rate

n= number of periods

FV= 32,000*(1.0575^10)

FV= $55,969.8

You might be interested in
A new glove and ball are priced $29.99, but you have a coupon for 15% off. What is the price of the glove and ball with the coup
g100num [7]
25.01 let me know if I’m right!
5 0
2 years ago
Jessica is making muffins. To make her batter, she has to mix 2/3 of a cup of brown sugar with 3/4 of a cup of milk. If Each muf
vladimir2022 [97]

Answer:

Jessica can make 17 muffins

Step-by-step explanation:

\frac{3}{4}+\frac{2}{3} = \frac{17}{12}

\frac{17}{12} *12 = 17

6 0
3 years ago
Can someone plz help me with this one problem!!!
inn [45]

Answer:

No

Step-by-step explanation:

6 0
2 years ago
Read 2 more answers
Out of the 1236 employees who work for a particular company, 748 of them work in an office. One employee is selected every month
Aliun [14]

Answer:

458

Step-by-step explanation:

3 0
3 years ago
Simplify the polynomial by combining like terms
Veseljchak [2.6K]

Answer:

22 x^2

Step-by-step explanation:

Simplify the following:

11 x^2 + 11 x^2

Hint: | Add like terms in 11 x^2 + 11 x^2.

11 x^2 + 11 x^2 = 22 x^2:

Answer:  22 x^2

none of your answers are correct.

8 0
3 years ago
Other questions:
  • Rodney models the factorization of a trinomial with algebra tiles as shown. Rodney forgot to place x-tiles in zero pairs in the
    12·2 answers
  • WHAT EQUALS 19 FOR MATH
    8·2 answers
  • What is 3 1/4 - 3 1/9
    13·1 answer
  • Plz answer :) 22 points
    14·2 answers
  • 5. Find the area of the figure.
    13·1 answer
  • 39. Which phrase is represented by 2(9-n)+3 ?
    13·2 answers
  • Suzie bought 17.75 lbs of flour. If the price for 1lb is $19.68, calculate the total amount she paid to the shopkeeper
    7·2 answers
  • What is the slope in y + 4 = -2(x - 9)?
    12·2 answers
  • Helppp plzzzzzzz..………..
    8·2 answers
  • Which ordered pair is the reflection of (3, 10) across the x-axis?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!