Respuesta :

we are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39 

Answer: For Plato users .

Explanation:

formula = P(1+i)^t

P= $15,000

I = 6%

T=5 years

= 15000(1+0.06)^5

= $20,073.38

I just took the test