Stefani S.

asked • 04/19/21

How much will he owe after 8 years?

Grant borrows $2000 at a rate of 9%, compounded semiannually (twice a year). Using the compound interest formula: A=P(1+r/n)^nt, and assuming there are no payments made, how much will he owe after 8 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.