Mathematics, 04.07.2019 06:00 toshahoskins0098
What will be the total paid on an amortized loan of $15,000 for 5 years at 2 3/4% compounded monthly?
Answers: 1
![\bf \stackrel{mixed}{2\frac{3}{4}}\implies \cfrac{2\cdot 4+3}{4}\implies \stackrel{improper}{\cfrac{11}{4}}\implies \stackrel{decimal}{2.75} \\\\[-0.35em] ~\dotfill\\\\ ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt}](/tpl/images/0049/1863/e62fe.png)
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What will be the total paid on an amortized loan of $15,000 for 5 years at 2 3/4% compounded monthly...
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