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You gave your friend a short term 2 year loan of 43.000 at 3% compounded annually. what will be your total return?

You gave your friend a short term 2 year loan of 43.000 at 3% compounded annually. what will be your total return?
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you gave your friend a short term 2 year loan of 43.000 at 3% compounded annually. what will be your total return?

asked
User OlegWock
by
9.0k points

1 Answer

2 votes

Answer:

45618.7

Explanation:


f = p * (1 + r \\) ^(nt) = f \: 43000

answered
User Epistemologist
by
8.1k points
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