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Ben is buying a tiny house. He will borrow $23,000 at a rate of 3% per year for 4 years. If the interest is compounded annually, how much will he pay total?​

Ben is buying a tiny house. He will borrow $23,000 at a rate of 3% per year for 4 years. If the interest is compounded annually, how much will he pay total?​
asked 22.6k views
5 votes
Ben is buying a tiny house. He will borrow $23,000 at a rate of 3% per year for 4 years. If the interest is compounded annually, how much will he pay total?​

asked
User Kind User
by
7.5k points

1 Answer

5 votes

Answer:

$25,886.70

Explanation:

answered
User Carsten Zeitz
by
8.1k points
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