joeldeanda2261 joeldeanda2261

13-11-2020
Mathematics

contestada

Suppose that a loan of $8000 is given at an interest rate of 16% compounded each year.
Assume that no payments are made on the loan.
Follow the instructions below. Do not do any rounding ?

Respuesta :

ravenwalk13 ravenwalk13

13-11-2020

Answer:

9280

Step-by-step explanation:

8000 x .16 + 8000

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