An amount of $32,000 is borrowed for 10 years at 5.75% 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.
5
?

Total cost of the loan $55,969.8.-

Step-by-step explanation:

Giving the following information:

An amount of $32,000 is borrowed for 10 years at 5.75% Interest, compounded annually.

To calculate the total cost of the loan, we need to use the Future Value (FV) formula:

FV= PV*(1 + i)^n

PV= loan

i= interest rate

n= number of periods

FV= 32,000*(1.0575^10)

FV= $55,969.8

d. millimeters per hour.

step-by-step explanation:

we are given that,

carlo used a rain gauge to measure the amount of water his lawn is receiving from the sprinklers.

since, according to the options, we see that,

water cannot be measured by 'miles per hour', 'meters per second' and 'grams per seconds'.

we get that, the water can be measured by 'millimeters per hour'.

hence, the appropriate rate for describing the amount of water is 'millimeters per hour'.

the reporter's right

step-by-step explanation:

1/4 = .25 / 25%