Mathematics, 15.04.2021 17:10 teamo794
A bank determines the amount a borrower owes using the formula A = P(1 + n)',where A is the total amount owed, p is the amount borrowed, r is the percent interest rate expressed as a decimal, and t is the number of years. To the nearest dollar, what is the total amount of money that would be owed if $150,000 were borrowed at 6% for 15 years?
A. $240,000
B. $285,000
C. $346,959
D. $359,484
Answers: 1
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A bank determines the amount a borrower owes using the formula A = P(1 + n)',where A is the total am...
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