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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]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:

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