Register

A loan of $7,000 for 4 acres of woodland is compounded somiannually at an annual rate of 8% for 3 years. How much INTEREST is paid at the end of 3 years?

A loan of $7,000 for 4 acres of woodland is compounded somiannually at an annual rate of 8% for 3 years. How much INTEREST is paid at the end of 3 years?
asked 90.5k views
3 votes
A loan of $7,000 for 4 acres of woodland is compounded somiannually at an annual rate of 8% for 3 years.

How much INTEREST is paid at the end of 3 years?

asked
User Hdort
by
8.3k points

1 Answer

2 votes

Answer:

$560

Explanation:

answered
User Scen
by
8.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!