Find the amount paid for the loan.

$2400 at 10.5% for 5 years

$

I think you mean the total mount paid for the loan.

There is a formula for that. (See attached).

principal = 2,400

n = number of payments = 5 * 12 months = 60

rate = 10.5 / 1,200 = .00875

Loan Cost Total = (r*p*n) / (1 - (1 +r)^-n)

Loan Cost Total = .00875 * 2,400 * 60 / (1 -(1.00875^-60)

Loan Cost Total = 1,260 / (1 - 0.5929077624 )

Loan Cost Total = 1,260 / 0.4070922376

Loan Cost Total = 3,095.12

Step-by-step explanation:

89

step-by-step explanation:

answer: 16

step-by-step explanation: first you would add 6+6 which equals 12 then add 2+2 which equals 4. then add 12 + 4 which is 16.

hope this ^_^