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An amount of $17,000 is borrowed for 6 years at 4% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Round your a…

An amount of $17,000 is borrowed for 6 years at 4% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Round your a…
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1 vote
An amount of $17,000 is borrowed for 6 years at 4% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid

back?
Round your answer to the nearest dollar.

asked
User Aaran McGuire
by
8.4k points

1 Answer

4 votes

Answer:

21,080

Explanation:

answered
User Alex Ntousias
by
8.6k points
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