An amount of $37,000 is borrowed for 6 years at 5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid
back?
Use the calculator provided and round your answer to to the nearest dollar

$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

step-by-step explanation:

what is the figure? attach a picture.