celestesalazar2 celestesalazar2
  • 02-01-2018
  • Mathematics
contestada

Meredith borrows 12560 and pays 2 percent simple interest each year for four years what is the total that she will pay on the loan

Respuesta :

sbcardinals
sbcardinals sbcardinals
  • 02-01-2018
We are going to use the Time Value of Money equation
Future Value = Present Value * (1 + interest rate)^number of years

Future Value = 12,560(1.02)^4

= 13,595.35

So Meredith will pay a return of 13,595.35 (units of money) on her loan.
Answer Link
tyronejr0928 tyronejr0928
  • 04-09-2020

Answer:13,564.80

Step-by-step explanation:

took test

Answer Link

Otras preguntas

No links please. Fill in the blanks. 67ns=[?]x10^[?]s
PLEASE HELP WITH THIS PLEASE
Cerca de malha metã¡lica preta wiremeshaibeiduo. Pt.
Explain String Theory
Please Help!__________Rule :- Don't answer Origin- Answer correctly​​​​​​​
The formation of lithium fluoride (seen here) is due to.
favorite show but I also 5 s Vampire Diaries is my like True Blood.simple compound or complex​
What is the pH of a 0.1 M solution of TRIS acid? What about the pH of a 0.1 M solution of TRIS base?
Find the vertex. f(x) = 2(x + 7)2 + 8 ([?],[ ]
How did America react to the Soviet blockade in East Germany?