We are going to use the Time Value of Money equation
Future Value = Present Value * (1 + interest rate)^number of years
Future Value = 12,560(1.02)^4
= 13,595.35
So Meredith will pay a return of 13,595.35 (units of money) on her loan.
You would divide the new bikes by four to find out the amount of used bikes
so 15
Answer:
32 times
Step-by-step explanation: