Mathematics, 04.06.2020 22:01 denoterap441wb
John takes out a personal loan for $5.000 at an annual interest rate 7.5% compounded monthly. He plans to pay off the loan (including interest) in 3 years.
At the end of the 3 years, what is the actual amount John would have paid back?
Use the
Round your answer to the nearest cent.
A = P(1+r/n)^nt )
Please help
Answers: 1
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John takes out a personal loan for $5.000 at an annual interest rate 7.5% compounded monthly. He pla...
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