Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% interest rate. The full amount to the nearest whole cent) he will owe to the bank (principal + interest)

Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% interest rate. The full amount to the nearest

whole cent) he will owe to the bank (principal + interest) is:
Note: Use the formula: FV = P(1 + yt.

1 Answer

Emani borrowed $2,000 from his bank. The loan will be compounded quarterly for 3.5 years at an 8% interest rate. The full amount to the nearest whole cent) he will owe to the ba…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions