164k views
1 vote
I need the answer as soon as possible :)

A $12,500 loan for 3 years, compounded at an annual interest rate of 18%.
Find the total amount owed.
A) $21,157.90
B) $13,187.22
C) $8,037.90
D) $20,537.90

User DhavalR
by
8.5k points

1 Answer

6 votes
I believe it is A based on my calculations. :) 
User Nzeemin
by
8.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories