Mathematics, 14.03.2022 19:00 briiiii7410

Ben takes out a loan of $2,500 with a 5.5% interest rate that is compounded semi-annually. If he pays off the loan in 5 years, how much will he end up paying?
Round your answer to the nearest cent

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Ben takes out a loan of $2,500 with a 5.5% interest rate that is compounded semi-annually. If he p...

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Another questions

Ben takes out a loan of $2,500 with a 5.5% interest rate that is compounded semi-annually. If he pays off the loan in 5 years, how much will he end up paying? Round your answer to the nearest cent

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Another question on Mathematics

Ben takes out a loan of $2,500 with a 5.5% interest rate that is compounded semi-annually. If he pays off the loan in 5 years, how much will he end up paying?
Round your answer to the nearest cent