anyiahscott138 anyiahscott138

17-01-2019
Mathematics

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2) You borrowed $10,400 for 4 years at 12.7% and the interest is compounded semi- nnually. What is the total you will pay back?

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hbdasti hbdasti

17-01-2019

Answer:

$17,018.97

Step-by-step explanation:

[tex]A=P(1+\frac{r}{n})^{n*t} \\\\'\\A=10400(1+\frac{.127}{2})^{8}\\\\\\A= 17,018.97[/tex]

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