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Daniel [21]
3 years ago
7

Dakota is using the online calculator to determine how much interest she will pay on a $20,000 loan at 7% annual interest if pai

d off in 5 years. Which show the correct values Dakota should input to the online calculator to find the solution?
Balance: $20,000 APR: 7% Time to repay (months): 60
Balance: $20,000 APR: 7% Time to repay (months): 5
Balance: $20,000 APR: 5% Time to repay (months): 7
Balance: $20,000 APR: 5% Time to repay (months): 84
Mathematics
1 answer:
Butoxors [25]3 years ago
6 0
The correct answer is the first one
Balance: $20,000 APR: 7% time to repay (months): 60
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