mima851
26.10.2020 •
Mathematics
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Ответ:
$97,958.42
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
P = initial balance
r = interest rate
t = time
First change 6.5% to its decimal form:
6.5% ->
-> 0.065
Next plug in the values:
They have to pay back $97,958.42