SOLUTION: An amount of $48,000is borrowed for 13 years at
8% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
Use the calc
Algebra ->
Finance
-> SOLUTION: An amount of $48,000is borrowed for 13 years at
8% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back?
Use the calc
Log On
Question 932297: An amount of $48,000is borrowed for 13 years at
8% 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 rfer(16322) (Show Source):
(