Solve the problem.Letitia borrows $5000 at a rate of 11% compounded monthly. Find how much Letitia owes at the end of 4 years.Use: A = P
ntwhere:A = final amountP = $5000 (the amount borrowed)r = 11% = 0.11 (the annual rate of interest)n = 12 (the number of times interest is compounded each year)t = 4 (the duration of the loan in years)
A. $8522.79
B. $242,200.00
C. $7747.99
D. $5185.87
Answer: C
You might also like to view...
State whether the function is linear or quadratic.f(x) = 0.6x2 + 4x - 32
A. Linear B. Quadratic
Write the equation of a polynomial function with the given characteristics. Use a leading coefficient of 1 or -1 and make the degree of the function as small as possible.Crosses the x-axis at -1, 0, and 4; lies below the x-axis between -1 and 0; lies above the x-axis between 0 and 4.
A. f(x) = x3 + 3x2 - 4x B. f(x) = - x3 - 3x2 + 4x C. f(x) = -x3 + 3x2 + 4x D. f(x) = x3 - 3x2 - 4x
Given functions f and g, determine the domain of f + g.f(x) = 5x + 5,g(x) =
A. (-?, -3) or (-3, ?) B. (-?, 6) or (6, ?) C. (-?, ?) D. (0, ?)
Evaluate the integral using the given substitution., u = cot 7?
A. csc3 7? cot2 7? + C
B. - tan2 7? + C
C. cot2 ? + C
D. - cot2 7? + C