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Zoe takes out a $5,155 loan at a rate of 3.7/8% per year, compounded annually. She does not plan to start paying back the loan for 3.5 years. Which of the following is the close…

Zoe takes out a $5,155 loan at a rate of 3.7/8% per year, compounded annually. She does not plan to start paying back the loan for 3.5 years. Which of the following is the close…
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Zoe takes out a $5,155 loan at a rate of

3.7/8%
per year, compounded annually. She does not plan to start paying back the loan for 3.5 years. Which of the following is the closest to the total amount she owes after 3.5 years?

asked
User Thusitha Sumanadasa
by
7.3k points

1 Answer

4 votes

Answer:

5,888.67

Explanation:

answered
User PHRYTE
by
8.5k points
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