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Find the ending balance of a compound interest loan of 21000 at 8.8% for 9 years

Find the ending balance of a compound interest loan of 21000 at 8.8% for 9 years
asked 171k views
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Find the ending balance of a compound interest loan of 21000 at 8.8% for 9 years

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User Dan Bradbury
by
8.4k points

1 Answer

6 votes

Answer:

44 862,07

Explanation:

SUM=21000*(1+8,8/100)^9

SUM=21000*(108,8/100)^9

SUM=44862,07

answered
User Idell
by
8.7k points
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