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A loan of $43,000 is made at 7.25% interest, compounded annually. After how many years will the amount due reach $113,000 or more? (Use the calculator provided if necessary.) Wr…

A loan of $43,000 is made at 7.25% interest, compounded annually. After how many years will the amount due reach $113,000 or more? (Use the calculator provided if necessary.) Wr…
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A loan of $43,000 is made at 7.25% interest, compounded annually. After how many years will the amount due reach $113,000 or more? (Use the calculator provided if necessary.)

Write the smallest possible whole number answer.

asked
User Ben Zifkin
by
8.4k points

1 Answer

6 votes
8 years-113,000 that is if nobody answer go to AI
answered
User Thomas Van Der Veen
by
8.8k points
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