Alisha has a $15,000 car loan with a 6 percent interest rate that is compounded annually. How much will she have paid at the end of the five-year loan term?

Question

15-12-2016
Mathematics

contestada

Alisha has a $15,000 car loan with a 6 percent interest rate that is compounded annually. How much will she have paid at the end of the five-year loan term?

Respuesta :

Otras preguntas

if a particle moves along a straight line according to s(t)= t^4 -4t^3 +6t^2 -20, find the maximum and minimum acceleration on 0 less or equal to t less or equa

La dueña nos abrió la sección de no fumar.

En español, no se pronuncia la _____ nunca. a. Y c. H b. LL Please select the best answer from the choices provided

find the area of washers whose external and internal diameter are 15cm and 13cm

Solve the inequality: -4| 5x+12| -13> -44

Someone please help

Is the simplified form of 2√3 − 2√3 rational? Yes No

Which statement about the Potato Famine is not true? About one million Irish died from starvation and disease. The English provided enough help to save mo

which property is illustrated (m+7.3)+4.1=m+(7.3+4.1)

McVoRTeX McVoRTeX · Answer 1 · 2016-12-15T21:03:44+01:00

McVoRTeX McVoRTeX

15-12-2016

6 percent intrest per year for 5 years I think is the same as 30 percent for 5 years

so $15,000 x .3 is $4500

$15,000 + $4500 = $19,500

not 100 percent sure if this is correct but I think its right. Sorry if im wrong.

Answer Link

Aliwohaish12 Aliwohaish12 · Answer 2 · 2016-12-15T21:26:13+01:00

Aliwohaish12 Aliwohaish12

15-12-2016

A=p(1+i)^t
A=15000(1.06)^5=20,073.38

Answer Link