SOLUTION: Hello, Please help!! :) Laura burrows $6250 at a rate of 9% compounded monthly. Find how much Laura owes at the end of 3 years. Use... A=P(1+R/N)^nt Round to two decimal p

Question 1008271: Hello, Please help!! :)
Laura burrows $6250 at a rate of 9% compounded monthly. Find how much Laura owes at the end of 3 years. Use...
A=P(1+R/N)^nt
Round to two decimal places.

THANK YOU!!
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!

$ = final amount
$ (the amount borrowed)
% or (the annual rate of interest)
(the number of times interest is compounded each year, monthly)
(the duration of the loan in years)

$

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