brookelovesyell121 brookelovesyell121

03-05-2018
Mathematics

contestada

Assume 20,000 is borrowed for 14 years at 8.5% interested compouinded annually

Respuesta :

TheBreeze TheBreeze

08-05-2018

To solve for one year:
20000 + 0.085(20000)
For 14 years:
20000 + 14(0.085(20000))
20000 + 1.19(20000)
To make it similar:
2.19(20000) = 43800
You now have 43800 dollars, and gained $23800

Answer Link

Otras preguntas

Ow many coulombs of charge are needed to produce 35.2 mol of solid zinc?

Kong took 15% percent fewer seconds than Nolan took to complete his multiplication timed test. Kong took 85 seconds. How many seconds did Nolan take?

how does crop rotation help preserve soil !!!!!!!!!!!!!!!!! the answers are 1. it holds water near the roots of plants 2. it keeps soil from blowing away

Which drug is the most commonly used drug among teens?

56868×677433576432answer the question please I am running out of time

What makes up 21 percent of the earths atmosphere

if tanisha has $100 to invest at 9% compounded continuously, how long will it be before she has $250?

What is the tendency for observers to underestimate the impact of the situation and to overestimate the impact of personal dispositions on another's behavior?

A frequent cause of measurement error in polls is due to

What is the slope of a line that is parallel to y=5x+3