Alisha has a five-year car loan of $15,000 with an interest rate of 6 percent. If the interest is compounded annually, how much will she pay in total for her car? Formula is total amount=P(1=i)t

Question

dumbcow · Answer

usually you have monthly payments with a car loan...
anyway
$$\rightarrow 15000(1.06)^{15}$$

ilovecake · Answer

$6,326.60

ilovecake · Answer

Does this look right? @dumbcow

anonymous · Answer

it's not one of my choices

ilovecake · Answer

Thats what I got.....

ilovecake · Answer

Here look at THIS link

ilovecake · Answer

http://www.weegy.com/?ConversationId=AD065B74

anonymous · Answer

I got it! It's $20,073

dumbcow · Answer

yeah sorry i put 15 instead of 5 for the num of years

ilovecake · Answer

$20073.38. Ohhhhh my bad THIS  is right

anonymous · Answer

no problem. I just knew 15 was way to much, haha

anonymous · Answer

I would give y'all a medal, but I don't know who I should give it to. :P