document.write( "Question 894399: An amount of $31,000 is borrowed for 7 years at 6.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? \n" ); document.write( "
Algebra.Com's Answer #542012 by reviewermath(1029)\"\" \"About 
You can put this solution on YOUR website!
Q:
\n" ); document.write( "An amount of $31,000 is borrowed for 7 years at 6.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
\n" ); document.write( "A:
\n" ); document.write( "\"31000%281.065%5E7%29\"= $48,173.58
\n" ); document.write( "
\n" );