You borrow $5,000 from the bank to pay tuition for your first year of university. The bank charges 6% per annum, compounded semi-annually. a) 4 years later, how much will you have to repay as a lump sum? b) How much of that amount is interest?

You borrow $5,000 from the bank to pay tuition for your first year of university. The bank charges 6% per annum, compounded semi-annually. a) 4 years later, how much will you have to repay as a lump sum? b) How much of that amount is interest?

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°.

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You borrow $5,000 from the bank to pay tuition for your first year of university.

The bank charges 6% per annum, compounded semi-annually.

a) 4 years later, how much will you have to repay as a lump sum?

b) How much of that amount is interest?

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