Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. an amount of $32,000 is borrowed for 11 years at 3

An amount of $32,000 is borrowed for 11 years at 3.75% interest, compounded annually. If...

70.2K

Verified Solution

Question

Basic Math

image

An amount of $32,000 is borrowed for 11 years at 3.75% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Edna Recording? Studios, Inc., reported earnings available to common stock of ?$5,000,000 last year. From those? earnings, the...

Finance
Q

Write an essay the regulation of breathing.

Medical Sciences
Q

An expandable cube, initially 17 cm on each side contains 3.9 g of helium at 20∘C....

Physics
Q

Listen Which of the following statements best summarizes evolution by genetic drift It is really...

Biology
Q

A total resistance of 2 is produced by combining an unknown resistor R with a...

Physics
Q

7 Consider the following two statements a body may have momentum without energy b A...

Physics
Q

Find a vector equation and parametric equations for the line Use the parameter t the...

Geometry
Q

A ball is thrown into the air by a baby alien on a planet in...

Calculus
Q

13 How much water should be added to 85 ml of 60 acid solution to...

Algebra
Q

Determine the remaining sides and angles of the triangle ABC A 26 36 B 26...

Algebra
Q

In the manufacture of 9,300 units of a product, direct materials cost incurred was $174,700,...

Accounting
Q

Cullumber Company has decided to introduce a new product that can be manufactured by either...

Accounting