SOLUTION: An $1,800 appliance is paid off over 6 years at 7%, compounded monthly. When the deal is fully paid off, how much will have been paid? Use the formula A=P[1+r/m]^mt

Question 983710: An $1,800 appliance is paid off over 6 years at 7%, compounded monthly. When the deal is fully paid off, how much will have been paid?
Use the formula A=P[1+r/m]^mt
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

You have the formula, so this is just an arithmetic problem.

Get out your calculator.

John

My calculator said it, I believe it, that settles it

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