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OpenStudy (anonymous):
An amount of $22,000 is borrowed for 11 years at 6% 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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OpenStudy (anonymous):
@mayankdevnani
OpenStudy (mayankdevnani):
i'm not sure,i think use previous formula
OpenStudy (anonymous):
What is the formula ?
OpenStudy (mayankdevnani):
it's a question of compound interest and i hate that stuff
OpenStudy (anonymous):
Lol i do too !
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OpenStudy (mayankdevnani):
|dw:1460481472995:dw|
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