Register

Martha accumulated $6000 in credit card debt. If the interest rate is 1.45% per year and she does not make any payments for four years how much will she owe on her debt in four …

Martha accumulated $6000 in credit card debt. If the interest rate is 1.45% per year and she does not make any payments for four years how much will she owe on her debt in four …
asked 122k views
5 votes
Martha accumulated $6000 in credit card debt. If the interest rate is 1.45% per year and she does not make any payments for four years how much will she owe on her debt in four years by compounding continuously. Round to the nearest cent.

asked
User ITollu
by
8.3k points

1 Answer

3 votes

Answer:

$6,358.29

Explanation:

A=?

P=$6,000

r=0.0145

t=4 years

answered
User Andrei Amarfii
by
7.7k points
← Prev Question Next Question →

Related questions

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 =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!