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Sarahinator04
07.10.2020 •
Mathematics
5. If $5000 is borrowed at a rate of 16% interest per
year, compounded quarterly, find the amount due at
the end of 10 years.
A) $24,005.10
C) $5,860.13
B) $5,866.93
D) $8,072.64
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Ответ:
Step-by-step explanation:
Using formula
F = P(1+r/4)^(tn)Substitute values
F = 5000(1+0.04)^40 = 5000*1.04^40 = 24005.10Option A is correct
Ответ:
you cant see the full picture.
Step-by-step explanation: