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Home Q & A Board Science-Related Homework Help Mathematics
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sharonfaith30 sharonfaith30
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4 months ago
In order to pay off a debt that he took out today, Roger will have to make a payment of $3,500 in 15 months and $5,500 in 36 months. The interest rate is 8% compounded quarterly. What is the total amount of interest that is included in these payments?

▸ $1,016.39

▸ $1,493.23

▸ $2,287.88

▸ $7,506.77

▸ $1,839.61
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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lpantslpants
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4 months ago
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$1,493.23
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sharonfaith30 Author
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4 months ago
Just got PERFECT on my quiz
paulinaibarra98
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Yesterday
Helped a lot
paulinaibarra98
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2 hours ago
Thanks for your help!!
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