Business
Business, 30.12.2021 03:10, sjharrison04

Say you take out a loan with a principal of $44,500. The interest rate is 13. 11%, compounded monthly. If you make consistent monthly payments and pay off the loan over the course of six and a half years, how much interest will you have paid in total? Round dollar amounts to the nearest cent. A. $21,849. 92 b. $3,018. 03 c. $20,003. 60 d. $24,321. 18.

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Say you take out a loan with a principal of $44,500. The interest rate is 13. 11%, compounded monthl...

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