anonymous
  • anonymous
HELP What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of 5 percent, compounded annually? a)$8,103.38 b)$8,114.92 c)$8,358.37
Mathematics
chestercat
  • chestercat
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amistre64
  • amistre64
the question seems a bit vague to me. how does the loan get paid off? monthly payments? or just a total payment at the end?
amistre64
  • amistre64
well, monthly payments dont give me an option result ... so im assuming they want a one lump sum
anonymous
  • anonymous
I'm not sure. This is all it says.

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