Answer:
i cant see it
Step-by-step explanation:
Answer:
$97,958.42
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:
<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>t = time
</em>
<em>
</em>
First change 6.5% to its decimal form:
6.5% -> -> 0.065
Next plug in the values:
They have to pay back $97,958.42