Mathematics, 07.04.2021 01:00 avastanleyy

Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% interest rate. The full amount to the nearest whole cent) he will owe to the bank (principal + interest) is:
Note: Use the formula: FV = P(1 +
-nt
O $3,804.86
$2,638.96.
$2,574.14.

Answers: 1

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Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% in...

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More questions: Mathematics Another questions

Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% interest rate. The full amount to the nearest whole cent) he will owe to the bank (principal + interest) is: Note: Use the formula: FV = P(1 + -nt O $3,804.86 $2,638.96. $2,574.14.

Answers

Another question on Mathematics

Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% interest rate. The full amount to the nearest whole cent) he will owe to the bank (principal + interest) is:
Note: Use the formula: FV = P(1 +
-nt
O $3,804.86
$2,638.96.
$2,574.14.