Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Answer:
FV= $528
Step-by-step explanation:
Giving the following information:
Loan (P)= $480
Number of years (n)= 2 years
Simple interest (i)= 5% per year
To calculate the amount of money that Deena paid is calculated using the following formula:
FV= P*r*t + P
FV= 480*0.05*2 + 480
FV= $528
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.