Sunday
May 19, 2013

# Homework Help: math

Posted by bella on Thursday, April 26, 2012 at 11:36am.

Ryan has an eight-year loan for \$6,000. He is being charged an interest rate of 5 percent, compounded annually. Calculate the total amount that he will pay.

• math - Reiny, Thursday, April 26, 2012 at 12:44pm

amount = 6000(1.05)^8
= ....

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