Suppose you borrow $500 and you plan to pay it back all at once in 5 years. You are charged 2% interest compounded monthly.
What is the total amount you will need to pay when the loan is due?
Round your answer to the nearest dollar.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you borrow $500 and you plan to pay it back all at once in 5 years. You are charged 2% interest compounded monthly. What is the ...” 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
You Might be Interested in
Which system of linear equations appears to have a solution of (-1, 4) ? On a coordinate plane, 2 lines intersect at (1, negative 4). On a coordinate plane, 2 lines intersect at (1, 4).
Answers (2)
Find the real number root of 4 square root of 0.0081
Answers (1)
Best estimate for the product of 289 and 7?
Answers (2)
What is the end behavior of the function f (x) = 2x^4 + 3x^3 - 9x^2 + 65x - 586?
Answers (1)
If the volume of a cylinder with the height of 3 feet is 75 cubic feet, find the surface area of a cylinder in square feet. F25 G50 H80 J30
Answers (1)
New Questions in Mathematics
Last softball season, Jenny hit 32% of the times she was at bat. If she had 80 hits, how many times was she at bat?
Answers (2)
Given that y is inversely proportional to x square if 3 is x what is y
Answers (1)
Solve the compound inequality. 7x > - 35 and - 5x > - 50
Answers (1)
4x + y = 10 Complete the missing value in the solution to the equation. (___, - 6)
Answers (1)
Find the area of this parallelogram. Be sure to include the correct unit in your answer. 15 yd 9 yd 14 yd
Answers (1)