jocelyncisneros97 jocelyncisneros97
  • 16-06-2020
  • Mathematics
contestada

The best interest rate for a borrower on a $5,000 loan for 5 years is:

Respuesta :

Аноним Аноним
  • 16-06-2020

Answer:

So, $83.40 should be paid monthly

Step-by-step explanation:

5000 divided by 5 = 1000

1000 should be paid yearly

1000 divided by 12 = 83.40

12 represents the number of months in a year.

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chrissyboo189p3gs44
chrissyboo189p3gs44 chrissyboo189p3gs44
  • 16-06-2020
the answer is $83.40
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