9514 1404 393
Answer:
$44,935
Step-by-step explanation:
The amount due will be ...
A = P(1 +rt) . . . . principal P at annual rate r for t years
__
3 months is 3/12 = 1/4 years, so the amount is ...
A = $44,000(1 +0.085×1/4) = $44,935 . . . amount paid back
