jmeischen41 jmeischen41

16-05-2021
Mathematics

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If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound interest) at the end of the loan if the interest compounds monthly for 3 years? (Round your answer to the nearest dollar.)

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demshekebede demshekebede

16-05-2021

Answer:

6500

Step-by-step explanation:

Interest =principal *rate*time

5000*10/100*3 years

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