4. Jean borrows $12,000 for 8 years at 6% interest. What is the approximate cost of the loan? What is Jean's approximate total cost? What is Jean's approximate monthly payment? Pls solve!!!

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Dmitry Dubovitsky asked Feb 25, 2023

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4. Jean borrows $12,000 for 8 years at 6% interest. What is the approximate cost of

the loan? What is Jean's approximate total cost? What is Jean's approximate
monthly payment?

Pls solve!!!

Mathematics
college

Dmitry Dubovitsky asked Feb 25, 2023

by Dmitry Dubovitsky

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1 Answer

14 votes

Answer: 5760
Explanation: 12,000 x 8 x .06= 5760

JMorgan answered Mar 1, 2023

by JMorgan

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