eshketit33
eshketit33 eshketit33
  • 03-03-2020
  • Mathematics
contestada

Calculate Ahmed’s monthly repayments if he borrowed $10,000 at a rate of 4% p.a. for 5 years

Respuesta :

PHG
PHG PHG
  • 03-03-2020

Step-by-step explanation:

first compound formula is

starting value X interest rate to power of no of years

so

10000*1.04^5 is 12,167

12,167/12 is 1,014 dollars per month in 5 years

Answer Link
smadambath2006 smadambath2006
  • 03-03-2020

Answer:

the pa is 29.246464

Step-by-step explanation:

Answer Link

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