Register

To buy a car Tom borrows $14,000 at 11% compound interest calculated monthly for 5 years. Find the total amount to be paid back (round to the nearest cent).

To buy a car Tom borrows $14,000 at 11% compound interest calculated monthly for 5 years. Find the total amount to be paid back (round to the nearest cent).
asked 161k views
5 votes
To buy a car Tom borrows $14,000 at 11% compound interest calculated monthly for 5 years. Find the total amount to be paid back (round to the nearest cent).

asked
User Andre Miras
by
8.0k points

1 Answer

2 votes

Answer:21,700

Explanation:

answered
User Turnkey
by
8.6k 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

How do you can you solve this problem 37 + y = 87; y =
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!