An amount of $41,000 is borrowed for 6 years at 3.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must paid back?

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02-12-2022
Mathematics

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An amount of $41,000 is borrowed for 6 years at 3.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must paid back?

Sagot :

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An amount of $41,000 is borrowed for 6 years at 3.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must paid back?​

Sagot :

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An amount of $41,000 is borrowed for 6 years at 3.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must paid back?