QUESTION 15 Letitia borrows $5000 at a rate of 11% compounded monthly. Find how much Letitia owes at the end of 4 years. Use the formular: A = P 1+ ntwhere: A = final amount P = $5000 (the amount borrowed) r = 11% = 0.11 (the annual rate of interest) n 12 (the number of times interest is compounded each year) t= 4 (the duration of the loan in years) O 55185.87 57747,99 $242,200.00 O $8522.79 QUESTION 16 A company profit when it sells x thousand items produced and modelled by the eguation P(x) = - 2x + 950x- 1400. 2. a) What is the company starting cost? Save At Type here to search a 34°F esc

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