Answer Happy

Posted: **Thu May 05, 2022 5:48 am**

: You Borrowed 31 305 On January 1st The Annual Interest Rate Is 7 Interest Is Compounded Annually No Annual Payments 1 (18.1 KiB) Viewed 36 times

You borrowed $31,305 on January 1st. The annual interest rate is 7%. Interest is compounded annually. No annual payments are made but you will repay principal and interest in full at the end of nine years. What amount will you repay? Round your answer to two decimal places.