SOLUTION: A loan of $48,000 is made at 8.75% interest, compounded annually. After how many years will the amount due reach $ 153,000 or more? (Use the calculator provided if necessary.)
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Question 1189772: A loan of $48,000 is made at 8.75% interest, compounded annually. After how many years will the amount due reach $ 153,000 or more? (Use the calculator provided if necessary.)
Write the smallest possible whole number answer.
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
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Use the calculator provided - - - AS INSTRUCTED.
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