To buy a car Tom borrows $14,000 at 11% compound interest calculated monthly for 5 years. Find the total amount to be paid back (round to the nearest cent).

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asked Apr 8, 2021 161k views

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To buy a car Tom borrows $14,000 at 11% compound interest calculated monthly for 5 years. Find the total amount to be paid back (round to the nearest cent).

Mathematics
college

Andre Miras asked

by Andre Miras

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1 Answer

2 votes

Answer:21,700

Explanation:

Turnkey answered Apr 11, 2021

by Turnkey

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