1 Answered Questions for the topic Solve For Compound Amount And Interest

Solve For Compound Amount And Interest

06/14/14

Tom Bond borrowed $6200 at 5 1/2% for 3 yrs compounded annually. What is the compound amount of the loan..

Tom Bond borrowed $6200 at 5 1/2% (fraction) for 3 yrs compounded annually. What is the compound amount of the loan and how much interest will he pay on the loan?   Compound amount? (round to the... more

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.