3 years ago

The best interest rate for a borrower on a $5,000 loan for 5 years is:

Mathematics

2 answers:

Vitek1552 [10]3 years ago

7 0

The answer is $83.40

Gennadij [26K]3 years ago

3 0

Answer:

So, $83.40 should be paid monthly

Step-by-step explanation:

5000 divided by 5 = 1000

1000 should be paid yearly

1000 divided by 12 = 83.40

12 represents the number of months in a year.

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