Sam Z. answered • 07/13/19

Math/Science Tutor

The interest is $784.39. The formula I used is: c=p*(1+int)^(n-1)

compound

principal

interest=.0805

years

ZOE G.

asked • 07/13/19Jennifer borrowed $3000 from the bank in order to buy a new jacuzzi. She will pay it off by equal payments at the end of each week for 4 years. The annual interest rate is 8.05%.

Determine the size of payments, and the total interest paid.

Express your answers rounded to the nearest cent!

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Sam Z. answered • 07/13/19

Math/Science Tutor

The interest is $784.39. The formula I used is: c=p*(1+int)^(n-1)

compound

principal

interest=.0805

years

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