roselyrdrgzp3i13j roselyrdrgzp3i13j

02-02-2018
Mathematics

contestada

you borrowed $59,000 for 2 years at 11% which was compounded semi annually. what total will you pay back?

Respuesta :

BEDoesMath BEDoesMath

24-03-2019

Answer:

$72,693.90

Step-by-step explanation:

1) Use the formula:

5900(1+.11/1)²

2) We next get this:

59000(1.11)²

3) Which then is this equation:

59000 · 1.2321

4) We finally get to the answer of $72,693.90

*Remember, this answer is rounded decimals

Answer Link

Otras preguntas

what problem was caused by southern farmers in the 1880s growing cotton and tobacco year after year

Why can't we see all types of waves in the electromagnetic spectrum?

In a probability experiment, Craig rolled a six-sided die 57 times. The die landed on a number greater than three 36 times. What is the ratio of rolls greater t

There are 160 people in a grade. The ratio of boys to girls is 3 to 5. Which proportion can you use to find the number x of boys?

The cost of 3 pounds of grapes is $6.57 what is the constant of proportionality that relates that cost in dollars,y,to the number of pounds of grapes,x?

Read the excerpt from Act I, scene i of Romeo and Juliet. Montague: Many a morning hath he there been seen, With tears augmenting the fresh morning’s dew, A

Use the quadratic function to predict f(x) if x equals 2. f(x) = −3x2 + 180x − 285

How many neutrons are found in each atom of boron?

Campbell invests $10 in an account that earns 6% interest compounded monthly. A graph showing the growth of the money each year is shown. After how many years w

Pls help me with this