Mathematics, 05.05.2020 11:11, miajay14

A business owner receives a $5,000 loan with 13% interest, charged at the end of each year.

1. Write an expression to represent the amount owned, in dollars, after the given number of years of making no payments

a. after 1 year
b after 2 years
c after t years

2. Explain how to convince someone that your expression for t years is correct.

Answers: 3

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A business owner receives a $5,000 loan with 13% interest, charged at the end of each year.