Lynne needs to borrow $7250 for cosmetic surgery. She obtains a loan from her grandmother for 60 months at a simple interest rate of 5.8%. What is the loans future value?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Obelia asked Jan 28, 2023

449,562 views

2 votes

Lynne needs to borrow $7250 for cosmetic surgery. She obtains a loan from her grandmother for 60 months at a simple interest rate of 5.8%. What is the loans future value?

Mathematics
college

Obelia asked Jan 28, 2023

by Obelia

2.8k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

25 votes

For a initial loan L which will be paie

David C Adams answered Feb 4, 2023

by David C Adams

2.4k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions