Royalty0703
26.01.2021 •
Mathematics
Principal: $4,000
Rate: 7.25%
Time: 8 years
How much money will need to be paid back to the bank for this loan?
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Ответ:
the money required to pay back to the bank for the loan is $7,002
Step-by-step explanation:
The computation of the money required to pay back to the bank for the loan is given below:
= Principal × (1 + rate of interest)^number of years
= $4,000 × (1 + 0.0725)^8
= $4,000 × 1.0725^8
= $7,002
Hence, the money required to pay back to the bank for the loan is $7,002
Ответ:
c
Step-by-step explanation: