SOLUTION: Boris borrowed $ 8000 at a rate of 18 % , compounded semiannually. Assuming he makes no payments, how much will he owe after 5 years

SOLUTION: Boris borrowed $ 8000 at a rate of 18 % , compounded semiannually. Assuming he makes no payments, how much will he owe after 5 years

Algebra.Com

Question 1025927: Boris borrowed

$
8000
at a rate of

18
%
, compounded semiannually. Assuming he makes no payments, how much will he owe after

5
years
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
The amount A he will owe with compound interest is found by
so that

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