You borrow $10,000 for 5 years at a 3.5% interest rate. How much will you owe...

Question

Question

Answer 1

Answer #1

The amount at the end of 5 years will be

= 10,000(1+r)^5

= 10,000(1+0.035)^5

= $11876.86

The correct option is B.) $11876.86

Answer 2

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