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Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total…

Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total…
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6 votes
Olivia would like to buy some new

furniture for her home. She decides to
buy the furniture on credit with 9.5%
interest compounded quarterly. If she
spent $7,400, how much total will she
have paid after 8 years.​

User Stevecowling
by
8.0k points

1 Answer

5 votes
14,744.96 is the answer.
User Justin Boo
by
7.6k points
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