A loan of
$37,000
is made at
8.75%
interest, compounded annually. After how many years will the amount due reach
$93,000
or more?
1 answer
37000*1.085^n = 93000
$37,000
is made at
8.75%
interest, compounded annually. After how many years will the amount due reach
$93,000
or more?
1 answer