document.write( "Question 150849: Find the amount due on a loan of $14,000 at 12%interest compounded annually for 5 years. \n" ); document.write( "

Algebra.Com's Answer #110763 by vleith(2983) $\"\"$ $\"About$

You can put this solution on YOUR website!
see this --> http://www.moneychimp.com/articles/finworks/fmfutval.htm\r
\n" ); document.write( "\n" ); document.write( " $\"FutureValue+=+Principle%281%2Br%29%5En\"$
\n" ); document.write( "r = 12% = 0.12
\n" ); document.write( "n = 5
\n" ); document.write( "Principle = 14000\r
\n" ); document.write( "\n" ); document.write( " $\"FV+=+14000%281%2B0.12%29%5E5\"$
\n" ); document.write( " $\"FV+=+14000%281.12%29%5E5\"$
\n" ); document.write( " $\"FV+=+14000%2A+1.7623\"$
\n" ); document.write( " $\"FV+=+24672.78\"$ \n" ); document.write( "

\n" );