Ask Question
13 November, 07:27

An amount of $19,000 is borrowed for 6 years at 4.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

Use the calculator provided and round your answer to the nearest dollar.

+4
Answers (1)
  1. 13 November, 09:29
    0
    The loan she will need to pay is

    19000 (1+4.5/100) ^6

    =$24743 (nearest dollar)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An amount of $19,000 is borrowed for 6 years at 4.5% interest, compounded annually. If the loan is paid in full at the end of that period, ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers