Assuming the loan is as described, seven-year loan, which means that Kyle does not repay a cent before seven years.
This is a compound interest problem where n=7 years, interest rate i=0.05, and present value P=8000.
At the end of seven years, Kyle will have to pay
Future value = F = P(1+i)^n = 8000(1.05)^7 = 11256.80 (to the nearest cent)
Answer:
3/2
Step-by-step explanation:
distribute 8,-3,7
Mm dont know but keep trying
Answer:
29.5788
Step-by-step explanation:
Multiply all of the terms together
