need help with word problems

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  1. A bank charges you 8% interest that is compounded monthly. Use the formula A = P . ( 1 + r/n) nt to Xind the total amount of interest paid for a 10-year loan of $75,000.00 for your studio. 

Oct 22nd, 2017

Thank you for the opportunity to help you with your question!

=$75000(1+0.08)^120

=$75000(1.08)^120

=$768974470.70

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 17th, 2015

what does the ^ mean?

Jun 17th, 2015

it means raised to the power

Jun 17th, 2015

oh cool thank you!!!!

Jun 17th, 2015

please you would have best me please

Jun 17th, 2015

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Oct 22nd, 2017
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Oct 22nd, 2017
Oct 23rd, 2017
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