Homework Help is Here – Start Your Trial Now!
Math
Trigonometry
10) Laura borrows $3750 at a rate of 10.5% compounded semiannually. Find how much Laura owes at the end of 5 years. 10) )nt where: r Use: A = P1 + n A = final amount P = $3750 (the amount borrowed) r = 10.5% = 0.105 (the annual rate of interest) n = 2 (the number of times interest is compounded each year) t = 5 (the duration of the loan in years) A) $39,468.75 B) $4843.30 C) $6880.90 D) $6255.36

10) Laura borrows $3750 at a rate of 10.5% compounded semiannually. Find how much Laura owes at the end of 5 years. 10) )nt where: r Use: A = P1 + n A = final amount P = $3750 (the amount borrowed) r = 10.5% = 0.105 (the annual rate of interest) n = 2 (the number of times interest is compounded each year) t = 5 (the duration of the loan in years) A) $39,468.75 B) $4843.30 C) $6880.90 D) $6255.36

Trigonometry (11th Edition)
Trigonometry (11th Edition)
11th Edition
ISBN:9780134217437
Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Chapter1: Trigonometric Functions
Section: Chapter Questions
Problem 1RE: 1. Give the measures of the complement and the supplement of an angle measuring 35°.
See similar textbooks
icon
Related questions
Topic Video
Question

10. I need help answring this questions with the steps

10) 10) Laura borrows $3750 at a rate of 10.5% compounded semiannually. Find how much Laura owes at the end of 5 years. )nt where: Use: A = P1 + n A = final amount P = $3750 (the amount borrowed) r = 10.5% = 0.105 (the annual rate of interest) n = 2 (the number of times interest is compounded each year) t= 5 (the duration of the loan in years) A) $39,468.75 B) $4843.30 C) $6880.90 D) $6255.36
Transcribed Image Text:10) 10) Laura borrows $3750 at a rate of 10.5% compounded semiannually. Find how much Laura owes at the end of 5 years. )nt where: Use: A = P1 + n A = final amount P = $3750 (the amount borrowed) r = 10.5% = 0.105 (the annual rate of interest) n = 2 (the number of times interest is compounded each year) t= 5 (the duration of the loan in years) A) $39,468.75 B) $4843.30 C) $6880.90 D) $6255.36
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Research Design Formulation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, trigonometry and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Trigonometry (11th Edition)
Trigonometry (11th Edition)
Trigonometry
ISBN:
9780134217437
Author:
Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:
PEARSON
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781305652224
Author:
Charles P. McKeague, Mark D. Turner
Publisher:
Cengage Learning
Algebra and Trigonometry
Algebra and Trigonometry
Trigonometry
ISBN:
9781938168376
Author:
Jay Abramson
Publisher:
OpenStax
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS