PLEASE HELP clear up my confusion! Carrie took out a $12,000 personal loan to pay off her credit cards. She will not make a payment for 2 years and there is a 5% interest rate. How much will be owed in 2 years with monthly compounding? I know this is relatively simple but the variable that she doesn't pay for 2 years is confusing me on how to set up the problem.

$12,100.21

Step-by-step explanation:

the fact that she doesn't pay means that the amount won't change. use the compound interest formula a = p(1+(r/n))^(nt) for principal (original amount) p, frequency compounded (how often the money is compounded) n, interest rate r, and time t.

p=12000, r=0.05, n=12, t=2. a=12000(1+(0.05/12))^(12*2). a=12100.21

  $13,158.10

Step-by-step explanation:

The account balance with compound interest is ...

  A = P(1 +r/n)^(nt)

  A = $12,000(1 +0.05/12)^(12·2) ≈ $13,158.10 . . . . will be owed in 2 years

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It's a straight compound interest problem. "No payments for 2 years" means the account continues to accrue compounded interest. It's basically a future-value problem, as opposed to an amortization or annuity problem where payments are involved.

this is answer of 144 cubic meters

the most boring thing ever written

step-by-step explanation:

i am writing something. yes, i plan to make it the most boring thing ever written. i go to the store. a car is parked. many cars are parked or moving. some are blue. some are tan. they have windows. in the store, there are items for sale. these include such things as soap, detergent, magazines, and lettuce. you can enhance your life with these products. soap can be used for bathing, be it in a bathtub or in a shower. apply the soap to your body and rinse. detergent is used to wash clothes. place your dirty clothes into a washing machine and add some detergent as directed on the box. select the appropriate settings on your washing machine and you should be ready to begin. magazines are stapled reading material made with glossy paper, and they cover a wide variety of topics, ranging from news and politics to business and stock market information. some magazines are concerned with more recreational topics, like sports card collecting or different kinds of hairstyles. lettuce is a vegetable.