Solve the problem.A small company borrows $32,000 at 2% compounded monthly. The loan is due in 8 years. How much interest will the company pay?
A. $5484.87
B. $5547.35
C. $5537.38
D. $37,547.35
Answer: B
Mathematics
You might also like to view...
Provide an appropriate response.A respiratory therapist works for a for-profit hospital that allows her to contribute into a 401K plan for retirement. The maximum that she can contribute is 15% of her salary. If she makes $42,000 in annual salary, what is the maximum that she can have deducted each month?
Fill in the blank(s) with the appropriate word(s).
Mathematics
Solve the equation.3x - 10 = 17
A. {15} B. {28} C. {24} D. {9}
Mathematics
Determine whether the given ordered pair is a solution of the system.(-3, -5)x + y = -8x - y = 2
A. not a solution B. solution
Mathematics
Perform the indicated operation. Write the result in the form a + bi.(8 + 8i) - (-6 + i)
A. -14 - 7i B. 14 - 7i C. 14 + 7i D. 2 + 9i
Mathematics