selinarh32 selinarh32

11-12-2021
Mathematics

contestada

Shen borrowed $8000 at a rate of 17%, compounded quarterly. Assuming he makes no payments, how much will he owe after 6 years?

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alejandrko alejandrko

11-12-2021

224,640
(8,000*1.17)(6*4) due to quarterly interest
(8,009*1.17)(24)
(9,360)(24)
9,360*24=224,640

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