Mathematics, 06.03.2021 07:00 kactus
Charlton borrowed $9,000 from his bank. The loan will be compounded quarterly for 5.5 years at a 7.5% interest rate. Note: Use the formula: FV = P(1 +
The full amount (to the nearest whole cent) he will owe to the bank (principal + interest) is:
$13,543.48
$12,876.47
$14,064.21
$15,135.09.
None of these choices are correct.
Answers: 2
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Charlton borrowed $9,000 from his bank. The loan will be compounded quarterly for 5.5 years at a 7.5...
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