Beatrice takes out a loan of $10,000 with 8.9% interest rate that is compounded annually.
If she makes no payments for 5 years and then pays off the loan in one lump sum, how much will she end up paying?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.
Provide your answer below:
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Beatrice takes out a loan of $10,000 with 8.9% interest rate that is compounded annually. If she makes no payments for 5 years and then ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tomas wrote the equation y = 3x + 3/4. When Sandar wrote her equation they both had all the same solution as each other but which one could be Sandar's equation. A. - 6x + y = 3/2 B. 6x + y = 3/2 C. - 6x + 2y = 3/2 D. 6x + 2y = 3/2
Answers (1)
What is the greatest common factor of 20 and eight
Answers (2)
How do you solve e^7 inx
Answers (1)
Gabriella and her children went into a grocery store and where they sell apples for $1 each and mangos for $0.50 each. Gabriella has $15 to spend and must buy at least 19 apples and mangos altogether.
Answers (1)
14. What is the missing term in the proportion y/16 = 18/24 A. 12 B. 40 C. 9 D. 10
Answers (2)
New Questions in Mathematics
How to solve 1+4. x=-5+7. x
Answers (2)
To avoid dehydration a person should drink 8 ounces of water for every 15 minutes of exercise how much water should hahn drink if he cycles for 135 minutes
Answers (2)
Purple paint is made with a 16:3:1 ratio of white paint:blue paint:red paint. How much white paint, in gallons, is needed in order to make one gallon of purple paint? Express your answer as a common fraction.
Answers (1)
Stand A $3.75 for 2.5 lbs Stand B $5.60 for 1.75 lbs Stand C $5.40 for 1.8 lbs Stand D $9.35 for 2.2 lbs Which stand offers the best deal?
Answers (1)
Jessica purchased a DVD that was on sale for 12% off. The sales tax in her county is 3%. Let y represent the original price of the DVD. Write an expression that can be used to determine the final cost of the DVD.
Answers (1)