you are starting your own small business in Albuquerque. you borrow $10,000 from the bank at 9% rate for 5 years. find the inter

Question

AlekseyPX

3 years ago

9

you are starting your own small business in Albuquerque. you borrow $10,000 from the bank at 9% rate for 5 years. find the inter

est you will pay on this loan.

Mathematics

1 answer:

shepuryov [24] · Answer 1 · 2022-04-28T09:01:29+03:00

shepuryov [24]3 years ago

6 0

Answer:

2,455

Step-by-step explanation:

Your monthly payment on a personal loan of $10,000 at a <em>9%</em> interest rate over a 5-year term would be $208. You would pay <em>$2,455</em> in total interest over the life of this loan.

Hope this helps! c: