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Jessicakuck:
total amount = P (1 + i)t 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. $6,326.60 $6,312.38 $6,077.53
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SkyVoltage43:
A
SkyVoltage43:
i gtg bye
SkyVoltage43:
jay u mind checking my work
SkyVoltage43:
A=P(1+r/n)^nt A=5000(1+.04/1)^1*6 A=5000(1.04)^6 A=5000(1.265319018) A=6,326.60
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