Answer:
A
Step-by-step explanation:
The borrower owes $14,760.82 at the end of 8 years
What is compounding interest?
Compounding interest means that earlier interest would earn more interest in the future alongside the loan principal.
Note that in this case the loan continues to accumulate interest because there no repayments, in other words, the loan balance after 8 years, which comprises of the principal and interest for 8 years can be computed using the future value formula of a single cash flow(the single cash flow is the principal) as shown thus:
FV=PV*(1+r/n)^(n*t)
FV=loan balance after 8 years=unknown
PV=loan amount=$5,000
r=annual interest=14%
n=number of times in a year that interest is compounded=2(twice a year)
t=loan period=8 years
FV=$5000*(1+14%/2)^(2*8)
FV=$5000*(1.07)^16
FV=$5000*2.95216374856541
FV=loan balance after 8 years=$14,760.82
Find out more about semiannual compounding on:brainly.com/question/7219541.
#SPJ1
Answer: x= 21.6
Step-by-step explanation:
12^2 + 18^2 =x^2
144 + 324 =x^2
468 = x^2
c= 21.633
To the nearest tenth place is c= 21.6
Step-by-step explanation:
The sum of the interior angles of a convex regular polygon is 180 times (n-2), where n is the number of sides. Since we already know the sum, we can write 3,960 = 180(n-2). If you solve for n in this equation, you will have the number of sides.
Answer:
4 number
Step-by-step explanation:
number of apples purchased to the cost of the apples
