Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay for a welding certification program. He repays the loan in one year. How much total interest does Bastian pay on his loan? O $408.36 O $107.08 O $300.59 O $1,400.32
Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay for a welding certification program. He repays the loan in one year. How much total interest does Bastian pay on his loan? O $408.36 O $107.08 O $300.59 O $1,400.32
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 15PT: Rachael deposits $3,600 into a retirement fund each year. The fund earns 7.5% annual interest,...
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