Tuesday
October 21, 2014

Homework Help: math

Posted by Martin on Tuesday, October 9, 2012 at 10:39pm.

If you borrow $15,000 from your dad for college and you agree to pay him $25,000 back at 8% compound interest per year. How many years do you think you have to do this? In other words, given the amounts and the interest rate, what is the number of years?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - Anne is planning to attend college when she graduates from high school...
Finance - shley is planning to attend college when she graduates from high ...
Math - Serena wanst to borrow $15 000 an pay it back in 10 years. Interest rates...
Discrete Mathematics - You borrow $100,000 for a conventional 30 year mortgage ...
Math - Serena wants to borrow $15 000 and pay it back in 10 years. Interest ...
Dont I need more info for this Math problem?? - You borrow $2,000 at a rate of 3...
business math - If Naomi decides that she will invest $3,000 per year in a 6% ...
Financial Management - Proctor Micro-Computers, Inc. requires $1,200,000 in ...
economics - Samantha Jones has a job as a pharmacist earning $30,000 per year, ...
corporate finance - you are thinking of retiring. your retirement plan will pay ...

Search
Members