rmarc6
rmarc6 rmarc6
  • 11-01-2022
  • Mathematics
contestada

$6300 is borrowed with an annual interest rate of 8%, which is compounded annually. What is the total value of the loan after 21 years?

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iNotAshNotWanted1975
iNotAshNotWanted1975 iNotAshNotWanted1975
  • 11-01-2022

Answer:

I dont know, check in calculator

Step-by-step explanation:

So the formula is I=p(1+r)t

6300(1+.08)power of 21

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