you take out a php 20,000 loan at a 5% interest rate if the interest is compounded annually how much will you after 10 years?​

the future value is 32,577.89

Step-by-step explanation:

The computation of the amount after 10 years is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^time period

= 20,000 × (1 + 0.05)^10

= 32577.89

Hence the future value is 32,577.89

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720