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-Hector Borrows $3750 at a Rate of 9% Compounded A=P(1+rn)ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t }

Question 255

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-Hector borrows $3750 at a rate of 9% compounded semiannually. Find how much Hector owes at the end of 5 years. Use: A=P(1+rn) ntA = P \left( 1 + \frac { r } { n } \right) ^ { n t } . Round to two decimal places.


A) $5823.64\$ 5823.64
B) $4673.18\$ 4673.18
C) $39,187.50\$ 39,187.50
D) $6406.00\$ 6406.00

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