document.write( "Question 1173198: please help me\r
\n" ); document.write( "\n" ); document.write( "An amount of $42,000 is borrowed for 5 years at 8.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?\r
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Algebra.Com's Answer #798382 by ewatrrr(24785)\"\" \"About 
You can put this solution on YOUR website!

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document.write( "Hi  
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document.write( "An amount of $42,000 is borrowed for 5 years at 8.5% interest, compounded annually.
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document.write( "If the loan is paid in full at the end of that period, how much must be paid back?
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document.write( " In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
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document.write( "A = Accumulated Amount ... Calculating
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document.write( "P= principal =  $42,000
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document.write( "r= annual rate = .085
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document.write( "n= periods per year = 1
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document.write( "t= years = 5
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document.write( "\"A%28t%29+=+42000%281.085%29%5E%285%29\"
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document.write( " A = $63,154   (Rounded to the nearest dollar)
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document.write( "Wish You the Best in your Studies. \n" );
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