SOLUTION: Alonzo borrowed $8000at a rate of 15% , compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years? Do not round any intermediate computations, and ro

Algebra ->  Finance -> SOLUTION: Alonzo borrowed $8000at a rate of 15% , compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years? Do not round any intermediate computations, and ro      Log On


   



Question 932295: Alonzo borrowed $8000at a rate of 15% , compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?
Do not round any intermediate computations, and round your answer to the nearest cent.

Answer by tommyt3rd(5050) About Me  (Show Source):