SOLUTION: An amount of $15,000 is borrowed for 15 years at 3.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
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-> SOLUTION: An amount of $15,000 is borrowed for 15 years at 3.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
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Question 1030485: An amount of $15,000 is borrowed for 15 years at 3.5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
Use the calculator provided and round your answer to the nearest dollar. Answer by Boreal(15235) (Show Source):
