This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Hector borrows $2500 at a rate of 9% compounded quarterly. Find how much Hector ... (Read 193 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Feb 28, 2021
Solve the problem.

Hector borrows $2500 at a rate of 9% compounded quarterly. Find how much Hector owes at the end of 3 years.

Use: A = Pntwhere:
A = final amount
P = $2500 (the amount borrowed)
r = 9% = 0.09 (the annual rate of interest)
n = 4 (the number of times interest is compounded each year)
t = 3 (the duration of the loan in years)
◦ $3591.64
◦ $2672.58
◦ $30,675.00
◦ $3265.12
Precalculus ¦ Sullivan ¦ 10th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by misspop on Feb 28, 2021

fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Feb 28, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


misspop

  • Member
  • Posts: 540
Reply 2 on: Feb 28, 2021
Thanks for the timely response, appreciate it

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

How to find the derivatives of inverse hyperbolic functions How to find the derivatives of inverse hyperbolic functions
Anthroposphere Quarterly Period Anthroposphere Quarterly Period
The rate of global emissions is rising rapidly, especially in India and China The rate of global emissions is rising rapidly, especially in India and China
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Find the derivative using the product rule Find the derivative using the product rule
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ... Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...
Video: Pericarditis

For a complete list of videos, visit our video library