serwaabosomtwi serwaabosomtwi

04-06-2020
Mathematics

contestada

John takes out a personal loan for $5.000 at an annual interest rate 7.5% compounded monthly. He plans to pay off the loan (including interest) in 3 years.

At the end of the 3 years, what is the actual amount John would have paid back?

Use the

Round your answer to the nearest cent.

A = P(1+r/n)^nt )

Please help

Respuesta :

Annahichkhristina Annahichkhristina

04-06-2020

Answer:

18,500

Step-by-step explanation:

Answer Link

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