Question

Riley let his friend borrow $12,750. he wants to be paid in 4.75 years and is going to let his friend borrow 5.5% interest rate yearly. What will the balance be when she is finally able to withdraw her money?​

Answer 1

$16442.18

Explanation:

12,750 x 1.055^4.75 = 16442.18

Hope this helps^^