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

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

Most aquatic animals conduct _____ fertilization.

suppose a ladder 20 feet long is placed against a vertical wall 20 feet high . how far would the top of the ladder move down the wall by pulling out the bottom

What was the name given to the British practice of taking Americans sailors from their ships and forcing them to serve in the British navy? A. Impeachment B. H

Acid rain does which of the following? A. increases nutrients in soil B. enhances leaf growth in plants C. neutralizes lakes, streams, and oceans D. damages

What are 3 ways scientists get to the mantle of earth

7 more tickets than a number M

{2x + 7y = 2 {x + y = -1

how did the Boston massacre socially impacted the English crown

PLEASE HELP FAST! List three cultural traits. Give an example for each.

Leukocytes are: A.white blood cells B.produced by the spleen and bone marrow C.circulated through the body through blood vessels D.all of the above