Question

Boris borrowed $8000 at a rate of 11%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?​

Answer 1

A lot of money LOL

Explanation:

Answer 2

Explanation:

assuming the 11% was a nominal rate

`8000(1+(.11)/(4))^(4*6)=15341.0088385`

which i guess you could round to 15341