Register

An amount of $48,000 is borrowed for 12 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

An amount of $48,000 is borrowed for 12 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
asked 159k views
4 votes
An amount of $48,000 is borrowed for 12 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be

paid back?

asked
User Seliopou
by
8.7k points

1 Answer

4 votes

Answer:

soory this is for points

Explanation:

answered
User Gregwhitaker
by
8.3k points
← Prev Question Next Question →

No related questions found

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

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!