document.write( "Question 47661This question is from textbook College Algebra
\n" ); document.write( ": If $4000 is borrowed at a rate of 16% interest per year, compounded quarterly, find the amount due at the end of 6 years.\r
\n" ); document.write( "\n" ); document.write( "Thank you \n" ); document.write( "

Algebra.Com's Answer #31504 by Nate(3500) $\"\"$ $\"About$

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P(A) = A(1 + r/n)^(tn)
\n" ); document.write( "P(A) = 4000(1 + 0.16/4)^(24)
\n" ); document.write( "P(A) = 4000(1.04)^24 = 10,253.22 \n" ); document.write( "

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