Mathematics, 05.01.2020 12:31 rudokingbro6657

Say you take out a loan with a principal of $44,500. the interest rate is 13.11%, compounded monthly. if you make consistent monthly payments and pay off the loan over the course of six and a half years, how much interest will you have paid in total? round dollar amounts to the nearest cent.
a.
$21,849.92
b.
$3,018.03
c.
$20,003.60
d.
$24,321.18

Answers: 2

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Say you take out a loan with a principal of $44,500. the interest rate is 13.11%, compounded monthly...