Help, answer again pls
1 answer:
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assuming you mean where
ok, notice a pattern in the exponent
hum, so it goes 1,2,3,4, then repeats
ok, so every 4, the cycle repeats
how far up is 77 from a multipule of 4?
4*19=76
76 is 1 away from 77
so
the answer is B
Answer:
The amount needed to pay off the loan after 4 years is $70,192
Step-by-step explanation:
When interest is compounded annually, total amount A after t years is given by:
where P is the initial amount (principal), r is the rate and t is time in years.
From the question:
P = $60,000
r = 4% = 0.04
t = 4
The amount needed to pay off the loan after 4 years is $70,192
If we divide the amount by four, we will get the amount that is paid yearly (70192/4 = 17548). $17,548 is paid yearly.