A baseball training clinic takes out a loan to build a new reception area. The loan is for $28,500 at 4.25% for five years. How

Question

Marianna [84]

3 years ago

10

A baseball training clinic takes out a loan to build a new reception area. The loan is for $28,500 at 4.25% for five years. How

much interest will the clinic pay on the loan?

Mathematics

1 answer:

Vesna [10] · Answer 1 · 2022-04-26T01:25:28+03:00

Vesna [10]3 years ago

5 0

Answer:

$3073.80

Step-by-step explanation:

A suitable calculator can tell you the loan payment will be $526.23 monthly. The same calculator can also tell you the total of 60 payments exceeds the loan amount by $3073.80.