Biology, 12.04.2020 07:52, cristabean87

Beatrice takes out a loan of $10,000 with 8.9% interest rate that is compounded annually.
If she makes no payments for 5 years and then pays off the loan in one lump sum, how much will she end up paying?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.
Provide your answer below:

Answers: 1

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Beatrice takes out a loan of $10,000 with 8.9% interest rate that is compounded annually.
If s...