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7. Gloria took out a loan for $8000. If she was given the loan with a 4.5% interest rate compounded monthly for 5 years. How much interest did she have to pay over the 5 years? …

7. Gloria took out a loan for $8000. If she was given the loan with a 4.5% interest rate compounded monthly for 5 years. How much interest did she have to pay over the 5 years? …
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4 votes
7. Gloria took out a loan for $8000. If she was given the loan with a 4.5%

interest rate compounded monthly for 5 years. How much interest did she
have to pay over the 5 years? Round to the nearest whole number?

User HanXu
by
7.9k points

1 Answer

4 votes

4+6=3

4.5=3

77.35.52.=5

User Peter Nixey
by
9.5k points
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