Homework Help: math

Posted by Anonymous on Tuesday, May 3, 2011 at 4:59pm.

How much would you repay the bank if you borrowed $7,900 at 4.3% annual interest for 6 years?

math - Henry, Wednesday, May 4, 2011 at 10:22pm
Pt = Po + rtPo,

Pt = 7900 + 0.043*6*7900,
Pt = 7900 + 2038.20 = $9938.20.

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