Javier took out a loan for $2700 at 12% interest, compounded annually. If he

Mathematics

1 answer:

11111nata11111 [884]3 years ago

8 0

Answer:

he will never pay off the loan because it is increasing at 324 per year, for the first year and the interest will only increase which means 320 a year will not even make a dent in the loan

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