subject
Mathematics, 03.02.2021 09:40 Josias13

Select the correct answer. Micah took out a student loan for $20,000, which began accruing interest immediately. He has chosen not to begin payment of the loan until he finishes his schooling. The table shows the balance of the loan while Micah is in school.
Months Loan Balance
6 $20,608
12 $21,234
18 $21,879
24 $22,543
30 $23,228
36 $23,934

Assuming that the relationship is exponential, which is the best estimate of the loan balance after 4 years?
A.
$20,403
B.
$24,890
C.
$25,168
D.
$25,410

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 15:20, kylabreanne120
(a) (8%) compute the probability of an even integer among the 100 integers 1! , 2! , 3! , until 100! (here n! is n factorial or n*(n-1)*(n-2) *… 1) (b) (16%) compute the probability of an even integer among the 100 integers: 1, 1+2, 1+2+3, 1+2+3+4, …., 1+2+3+… + 99, and 1+2+3+… + 100
Answers: 1
image
Mathematics, 21.06.2019 16:50, maymayrod2000
Before simplifying, how many terms are there in the expression 2x - 5y + 3 + x?
Answers: 1
image
Mathematics, 21.06.2019 21:30, achsahjosey
Acyclist bike x distance at 10 miles per hour .and returns over the same path at 8 miles per hour. what is the cyclist average rate for the round trip in miles per hour ?
Answers: 1
image
Mathematics, 21.06.2019 23:20, AceTest
Write the equations in logarithmic form 9^4=6,561
Answers: 1
You know the right answer?
Select the correct answer. Micah took out a student loan for $20,000, which began accruing interest...

Questions in other subjects: