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You are starting your own small business. You borrow $10,000 from the bank at a 12% rate for 5 years. Find the interest you will pay on this loan.

You are starting your own small business. You borrow $10,000 from the bank at a 12% rate for 5 years. Find the interest you will pay on this loan.
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You are starting your own small business. You borrow $10,000 from the bank at a 12% rate for 5 years. Find the interest you will pay on this loan.

User PatNowak
by
8.6k points

1 Answer

3 votes

Answer: $3,346.67

Explanation:

User Augusta
by
8.4k points
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