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An amount of 45000 is borrowed for 5 years at 8.5% interest, compounded annually. if the loan is paid in full at the end of the period, how much must be paid back
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An amount of 45000 is borrowed for 5 years at 8.5% interest, compounded annually. if the loan is paid in full at the end of the period, how much must be paid back

User Rich Wagenknecht
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6 votes
the answer is 191250 because you multiply 45000 by.85 by 5 and you will get your answers

User Fjyaniez
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