Mathematics, 26.05.2021 16:30 richhgirlex
I need help An amount of $16,000 is borrowed for 8 years at 7.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
Answers: 1
in decimal form
If you divide 7.25 by 100, you'll get 0.0725 (a decimal number).
Step2: Multiply
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An amount of $16,000 is borrowed for 8 years at 7.25% interest, compounded annually. If...
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