gato40go gato40go

20-04-2020
Mathematics

contestada

Kaitlyn borrowed $19,000 from her mother to buy a car. She will repay the loan at the end of 5 years at 5% interest compounded annually. Find the amount she will repay.

Respuesta :

Sally2020 Sally2020

20-04-2020

Answer:

The amount repay the end of 5 years= $24,249.35

Step-by-step explanation:

S=P(1+i)^n

S=19000(1+0.05)^5

S=24,249.05

i=0.05/1

n=5

Answer Link

Otras preguntas

When discussing incomes, it is often a better representation of "what's typical" to use income rather than the "mean" or average because the midpoint of earners

Which of the following are statistical questions? Select all that apply. A) How many pairs of socks does the typical teenager own? B) What color of socks is e

If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as

What psychosocial conflict did Erikson attribute to adolescence? 1) Industry versus inferiority 2) Identity versus role confusion 3) Autonomy versus shame and d

A roller coaster is at the top of a 80 meter hill and weighs 1000N. The coaster has ______ energy?

How are the Chattanooga Shale, Bakken Shale and the Eagle Ford Shale similar? What makes them of interest?

In the year 2010, a company made $7.1 million in profit. For each consecutive year after that, their profit increased by 9%. How much would the company's profit

Which of the following is Revenue expenditure? A.Repair expenses B.Building expenses C.Expenses on purchase of Machinery D.Purchase of Investment

Does the following equation represent a homogeneous or heterogeneous equilibrium? Explain your answer. H2O(s) ⇌ H2O(l)

In the Monkey King what does "Sun Wukong" mean? A. Monkey or child who has awoken to harmony B. Monkey or child who has awoken to purity C. No other answers D.

ACCESS MORE