Question

Boris borrowed $8000 at a rate of 11%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?​

Answer 1

Answer:

A lot of money LOL

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:

assuming the 11% was a nominal rate

$8000(1+\frac{.11}{4})^{4*6}=15341.0088385$

which i guess you could round to 15341