jjokiisking jjokiisking
  • 26-03-2021
  • Mathematics
contestada

Riley let his friend borrow $12,750. He wants to be paid back in 4.75 years and is going to charge his friend 5.5% interest rate yearly.

Respuesta :

bjkelly2912 bjkelly2912
  • 26-03-2021

Answer:

$16442.18

Step-by-step explanation:

12,750 x 1.055^4.75 = 16442.18

Hope this helps

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