Question

Wallace took out a $5,000 loan for six years. He is being charged 4 percent interest, compounded annually. Calculate the total amount he will pay.
A.) $6,326.60
B.) $6,312.38
C.) $6,077.53
Will fan and medal

Answer 1

no

Answer 2

so?

Answer 3

then would it A

Answer 4

the solution is 6326.59509248 =6329.60

Answer 5

it was A

Answer 6

p=5000,r=4,t=6 years

Answer 7

compound interest=P[1+r\100]^(t)