elcuh1van elcuh1van
  • 07-05-2021
  • Mathematics
contestada

You borrowed $59,000 for 2 years at 11% which was compounded annually. What
total will you pay back?

Respuesta :

acoo0234
acoo0234 acoo0234
  • 07-05-2021

Answer:

$72693.9

Step-by-step explanation:

To get this answer you need to use the compound interest formula, which will be A=P(1+r/n)^n(t). P=59,000 r=11%=0.11 n=1 (annually) t=2 years. From there you should be able to figure the rest out and get the answer. Hope this helps!

Answer Link

Otras preguntas

Why was Wilhelm II determined to build up the German army and navy?(Points : 3)
3n+10=43 I need to resolve
Why did many Chinese start the Boxer Rebellion?
8 and 21 over 40 in decimal and by step plzzzzzz thank u ill rate it
What makes Harald Hardrada a good king?
A picture measuring 27.9 cm by 35.6 cm is surrounded by a mat 7.6 cm wide. Find the outer perimeter of the picture with the mat. What is the are of the picture
Why did the Republican Henry Cabot Lodge refuse to ratify the League of Nations?
What are two things Lee hoped to accomplish by invading the North?
when did the ocean become an important area of study?
Science- what effect does no air on the moon have on falling objects I need help plz!!!!!!