Question
Please Help!!!!
Christine borrowed $8000 at a rate of 11%, compounded semiannually. Assuming she makes no payments, how much will she owe after 8 years?
Christine borrowed $8000 at a rate of 11%, compounded semiannually. Assuming she makes no payments, how much will she owe after 8 years?
Answers
Steve
8000(1+0.11/2)^(2*8) = ?