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GenaCL600 [577]

3 years ago

13

Benji took out a $10,000 loan at a 13% interest rate. Benji will not make a payment for the next 3 years. How much will be owed

in 3 years with monthly compounding?
Round your answer to the nearest cent.
(please help)

1 answer:

xxMikexx [17]3 years ago

7 0

Answer:

Plug into calc

Step-by-step explanation:

A= P(1+r/n)^nt

A= 10000(1+.13/12)^12*3

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