Home / Expert Answers / Advanced Math / an-amount-of-18-000-is-borrowed-for-8-years-at-6-25-interest-compounded-annuatly-pa819

(Solved): An amount of \( \$ 18,000 \) is borrowed for 8 years at \( 6.25 \% \) interest, compounded annuatly ...




An amount of \( \$ 18,000 \) is borrowed for 8 years at \( 6.25 \% \) interest, compounded annuatly. If the loan is paid in f
An amount of \( \$ 18,000 \) is borrowed for 8 years at \( 6.25 \% \) interest, compounded annuatly. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.


We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe