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Mashcka [7]
2 years ago
12

Boris borrowed $8000 at a rate of 11%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?​

Mathematics
2 answers:
lukranit [14]2 years ago
3 0

Answer:

A lot of money LOL

Step-by-step explanation:

NARA [144]2 years ago
3 0

Answer:

Step-by-step explanation:

assuming the 11% was a nominal rate

8000(1+\frac{.11}{4})^{4*6}=15341.0088385

which i guess you could round to 15341

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