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You borrowed $ 1,325 for 10 years with compound interest rate of 4.02 %. How much you have to pay back to the lender if interest is calculated quarterly?

You borrowed $ 1,325 for 10 years with compound interest rate of 4.02 %. How much you have to pay back to the lender if interest is calculated quarterly?
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4 votes
You borrowed $ 1,325 for 10 years with compound interest rate of 4.02 %. How

much you have to pay back to the lender if interest is calculated quarterly?

User Iamjwc
by
8.0k points

1 Answer

4 votes

Answer:

5326.5

Explanation:

1325x10x.402

User Dimitrius
by
8.1k points
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