Zoe takes out a $5,155 loan at a rate of 3.7/8% per year, compounded annually. She does not plan to start paying back the loan for 3.5 years. Which of the following is the closest to the total amount she

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Matthew H asked Jan 1, 2022

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17 votes

Zoe takes out a $5,155 loan at a rate of

3.7/8%
per year, compounded annually. She does not plan to start paying back the loan for 3.5 years. Which of the following is the closest to the total amount she owes after 3.5 years?

Mathematics
college

Matthew H asked Jan 1, 2022

by Matthew H

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1 Answer

27 votes

Answer:

5,888.67

Explanation:

Amulllb answered Jan 8, 2022

by Amulllb

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