Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

You apply for a loan that has an interest rate of 5%, The principal on
the loan is $8000 dollars, and it's compounded continuously. How
much will you have to pay in 4 years?
a. $8900
b. $9771.22
c. $11,893.31
d. $9652.87

Sagot :

5%(8000)=400

400*4=1600

8000+1600=9600

the closest answer is D 9652.87

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.