Solve the problem.Letitia borrows $3750 at a rate of 10.5% compounded quarterly. Find how much Letitia owes at the end of 5 years.Use: A = P
ntwhere:A = final amountP = $3750 (the amount borrowed)r = 10.5% = 0.105 (the annual rate of interest)n = 4 (the number of times interest is compounded each year)t = 5 (the duration of the loan in years)
A. $6926.08
B. $4268.71
C. $76,968.75
D. $6296.43
Answer: D
Mathematics
You might also like to view...
Solve the problem.A water tank is formed by revolving the curve y = 3x4 about the y-axis. Find the volume of water in the tank as a function of the water depth, y.
A. V(y) = y1/2
B. V(y) = y3/2
C. V(y) = y3/2
D. V(y) = y9
Mathematics
Find the first four nonzero terms of the Maclaurin expansion of the given function.f(x) = ex sin x
A. 1 + x2 + x3 +
x5 + ...
B. 1 + x + x2 -
x6 - ...
C. 1 + x +
x3 -
x5 - ...
D. x + x2 + x3 -
x5 - ...
Mathematics
Find the specified value of the objective function f on the given region.Minimum of f = x - 4y
A. -50 B. -9 C. -38 D. -29
Mathematics
Simplify the expression.
A. cos2 x B. -1 C. 1 D. sin2 x
Mathematics