cesarnunez2378
cesarnunez2378 cesarnunez2378
  • 22-07-2021
  • Mathematics
contestada

Can anyone explain this to me?

Can anyone explain this to me class=

Respuesta :

srhojr
srhojr srhojr
  • 03-08-2021

Answer:

$7, 657

Step-by-step explanation:

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one. The total initial amount of the loan is then subtracted from the resulting value.

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