Kevin borrowed $8000 at a rate of 7.5%, compounded monthly. Assuming he makes no payments, how much

[math_celebrity]

Kevin borrowed $8000 at a rate of 7.5%, compounded monthly. Assuming he makes no payments, how much will he owe after 10 years?

We want to find 8,000(1.075)^10

Using our balance calculator, we get:
$16,488.25