SOLUTION: Bill borrowed $8000 at a rate of 19.5% , compounded quarterly. Assuming he makes no payments, how much will he owe after 7 years?
Algebra.Com
Question 933349: Bill borrowed $8000 at a rate of 19.5% , compounded quarterly. Assuming he makes no payments, how much will he owe after 7 years?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
RELATED QUESTIONS
Keith borrowed $8000 at a rate of 7.5%, compounded semiannually. Assuming he makes no... (answered by addingup)
Boris borrowed
$
8000
at a rate of
18
%
, compounded... (answered by fractalier)
Alonzo borrowed $8000at a rate of 15% , compounded quarterly. Assuming he makes no... (answered by tommyt3rd)
Debra borrowed $8000 at a rate of 11%, compounded semiannually. Assuming she makes no... (answered by lwsshak3)
Nicole borrowed $8000 at a rate of 6%, compounded semiannually. Assuming she makes no... (answered by Theo)
Alvin borrowed $7,000 from his cousin to purchase a car at a simple interest rate of 4%... (answered by Boreal,MathTherapy)
A man borrowed $3600 for 1 month at an annual rate of 5%. How much interest did he... (answered by orca)
Frank borrows 10000 dollars at 8.2 percent annual interest, compounded once per year,... (answered by mananth)
Peter borrowed php 15,000 from the bank at the rate of 12% per annum. How much will he... (answered by Boreal)