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Daphne borrows $2500 from a financial institution that charges 6% annual interest, compounded monthly, for 2 years. The amount that Daphne will need to pay back at the end of th…

Daphne borrows $2500 from a financial institution that charges 6% annual interest, compounded monthly, for 2 years. The amount that Daphne will need to pay back at the end of th…
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Daphne borrows $2500 from a financial institution that charges 6% annual interest, compounded monthly, for 2 years. The amount that Daphne will need to pay back at the end of the term is

asked
User Johnstaveley
by
8.1k points

1 Answer

7 votes
1350$ is the right answer to your problem trust me I know this
answered
User Thomas Bouldin
by
8.2k points
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