Ask Question
18 December, 00:09

An amount of $49,000is borrowed for 13 years at 7.25% interest, compounded annually. 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.

+1
Answers (1)
  1. 18 December, 03:26
    0
    27,326 because if you do 49000 / 13*7.25
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An amount of $49,000is borrowed for 13 years at 7.25% interest, compounded annually. If the loan is paid in full at the end of that period, ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers