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Marizza181 [45]

3 years ago

8

Sarah took out a $30,000 loan at a 4% interest rate to put a new pool in her backyard. If the interest is compounded quarterly,

write a function to model this situation. How much interest will she have paid after 12 years?

1 answer:

andrey2020 [161]3 years ago

4 0

Answer: $48,366.78

Step-by-step explanation:

3000(1+0.04/4) 4t

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