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An amount of $48,000 is borrowed for 12 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?

An amount of $48,000 is borrowed for 12 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
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An amount of $48,000 is borrowed for 12 years at 3% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be

paid back?

User Seliopou
by
8.7k points

1 Answer

4 votes

Answer:

soory this is for points

Explanation:

User Gregwhitaker
by
8.3k points
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