The balance on a car loan after 4 years is $8,996.32. The interest rate is 5.6% compounding annually. What was the initial value of the loan?

Answer 1

An investment made in the stock market decreased at a rate of 4% per year for 5 years. What is the current value of the $1,000,000 investment? Include your calculations in your final answer.

Answer 2

And exactly what part of my solution did you not like?

https://www.jiskha.com/questions/1805659/The-balance-on-a-car-loan-after-4-years-is-8-996-32-The-interest-rate-is-5-6-compounding

Answer 3

explain the steps of how to solve these two question's

Answer 4

Surely you have a calculator.