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- Jessica borrowed $12,000 for 5 years at 8% interest. How much will Jessica pay back in total?

- Jessica borrowed $12,000 for 5 years at 8% interest. How much will Jessica pay back in total?
70.9k views
4 votes
- Jessica borrowed $12,000 for 5 years

at 8% interest. How much will Jessica
pay back in total?

User Roshanpeter
by
7.7k points

1 Answer

6 votes
Jessica will pay back a total of $15,744.00 in interest and principal over the 5 year loan period.
User Megaroeny
by
8.4k points
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