Sue S.

asked • 05/06/18

Suppose that $2000 is loaned at a rate of 8.5%, compounded quarterly. Assuming that no payments are made , find the amount owed after 5 years.

Suppose that $2000 is loaned at a rate of 8.5%, compounded quarterly. Assuming that no payments are made , find the amount owed after 5 years.

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.