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majarm majarm
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7 years ago
How much interest is paid in total on a 1-year loan for $5000? The interest rate is 12 % compounded monthly and the payments are monthly.
A) $330.00
B) $333.88
C) $333.00
D) $300.88
E) $330.88
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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7 years ago
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majarm Author
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7 years ago
Brilliant ツ
ouasfoudgewu
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Yesterday
You make an excellent tutor!
elizabetheldrid
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2 hours ago
Thanks for your help!!
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