Asked by yes
An amount of $27,000 is borrowed for 12 years at 3.25% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.
Answers
Answered by
oobleck
per the usual formula, that would be
27000 * 1.0325^12
27000 * 1.0325^12
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.