Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 7 3 4 9 months $

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 5E
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Find the amount (in $) of interest on the loan.
Principal Rate (%) Time Interest
$70,000
7
3
4
9 months $
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