Mathematics, 18.07.2020 14:01, nikejose11

A loan of $16,120 is taken out at 5% interest, compounded annually. If no payments are made, after about how many years will the amount due reach $18,300? Round to the
nearest year.

Please hel!!!

Answers: 3

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A loan of $16,120 is taken out at 5% interest, compounded annually. If no payments are made, after about how many years will the amount due reach $18,300? Round to the nearest year. Please hel!!!

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A loan of $16,120 is taken out at 5% interest, compounded annually. If no payments are made, after about how many years will the amount due reach $18,300? Round to the
nearest year.

Please hel!!!