Kyle took out a seven-year loan of $8,000 loan from his bank. the bank charges an interest rate of 5 percent, compounded yearly. kyle wants to know the total amount he will have to pay back.

Assuming the loan is as described, seven-year loan, which means that Kyle does not repay a cent before seven years.

This is a compound interest problem where n=7 years, interest rate i=0.05, and present value P=8000.

At the end of seven years, Kyle will have to pay

Future value = F = P(1+i)^n = 8000(1.05)^7 = 11256.80 (to the nearest cent)

y=1/4x-4

step-by-step explanation:

steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.