1. Suppose you borrow $2500 for 3 years at 6.5% compounded quartlerly. a) What is the amount you must repay? b) how much intrest will you pay? need help solving this, thanks.
Follow Math Help Forum on Facebook and Google+
so i don't no if im doing this write, guide me if im not... The equation you use to solve this is A=P(1+i)^n A=? P=$2500 i= .065/4= 0.1625 n= (3) (4)=12 then plug the numbers into the equation, A=2000(1+0.1625)^12 Im i doing this right?
Originally Posted by Cdawson A=2000(1+0.1625)^12 Im i doing this right? looks good but would look better with 2500?
Originally Posted by Krahl looks good but would look better with 2500? haha it would wouldn't it
View Tag Cloud