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ira [324]
3 years ago
9

Marco decides to take out a $4,000 student loan during his first year in college. If he is charged 10% interest that is compound

ed annually, how much will the total loan amount equal in four years when he graduates?
Mathematics
2 answers:
Ivan3 years ago
7 0

Answer: $5856.40

100+10 = 110

110/100=1.1

4000 X 1.1^4 = 5856.4

$5856.40

Step-by-step explanation:

110/100=1.1

4000 X 1.1^4 = 5856.4

Answer: $5856.40

Natali5045456 [20]3 years ago
5 0

Answer:

100+10 = 110

110/100=1.1

4000 X 1.1^4 = 5856.4

$5856.40

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Step-by-step explanation:

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