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your 5-year loan of $14 000 is at 4.3% compounded annually. How much will you have paid in total for your loan?
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your 5-year loan of $14 000 is at 4.3% compounded annually. How much will you have paid in total for your loan?

User Michael Mitch
by
8.0k points

1 Answer

1 vote

Answer:

$17, 280.00

Explanation:

A= P(1+r)^t

A= 14000(1+0.043)^5

A= 17, 280

User Joel Friedlaender
by
7.7k points
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