Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. if $5,000 is borrowed with an interest of 12.3% co

if $5,000 is borrowed with an interest of 12.3% compounded semi-annually, what is the total...

80.2K

Verified Solution

Question

Basic Math

image

if $5,000 is borrowed with an interest of 12.3% compounded semi-annually, what is the total amount of money needed to pay it back in 3 years? Round your answer to the nearest dollar. Do not round at any other point in the solving process; only round your answer.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Do online students perform differently than students in a traditional classroom? Last semester there were 100...

Statistics
Q

How did bisexual women view their own bodies in the study conducted by Wolf, Nichols, and...

Psychology
Q

A box of mass m 2 00 kg is released at the top of an...

Physics
Q

olve the following equation e 3x 9 elect one O a 0 459 O b...

Geometry
Q

STAT1800 Business Statistics SP1 2023 Question list O Question 1 Question 2 Question 3 Question...

Statistics
Q

Only about 10 of all people can wiggle their ears Is this percent higher for...

Statistics
Q

The bell tower of the cathedral in Pisa Italy leans 5 6 from the vertical...

Calculus
Q

Hello there we sincerely apologize for any inconvenience caused by the delay in processing your...

Calculus
Q

7 6 16 9 9 9 p 7 7 2 2 7p 11 5v 3...

Algebra
Q

Which is a solution to this inequality Check all that apply y 3 y 4x...

Algebra
Q

The formula in cell H9 results in the correct value. However, the workbook author copied...

Accounting
Q

The owner of a plumbing supply company has requested a cash budget for June. After...

Accounting