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hsangle:
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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Ultrilliam:
@Vocaloid
Vocaloid:
I have to go pretty soon but you would take the formula, let P = the loan amount, i = interest as a decimal, and t = 6, then find the total amount
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