Register
what is the total amount Andrews bank will receive after lending him $8,000 for 4 years at an interest rate of 6% compounded annually?
234k views
1 vote
what is the total amount Andrews bank will receive after lending him $8,000 for 4 years at an interest rate of 6% compounded annually?

User Rmhartog
by
5.9k points

1 Answer

3 votes
I believe the interest payment will be $5096.75 and total amount would be $37096.75
User Laryssa
by
5.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!