Question:

An amount of 37 000 is borrowed for 13 years at 3 5 interest

Last updated: 8/2/2023

An amount of 37 000 is borrowed for 13 years at 3 5 interest

An amount of 37 000 is borrowed for 13 years at 3 5 interest compounded annually If the loan is paid in full at the end of that period how much must paid back Use the calculator provided and round your answer to the nearest dollar