If you have a business loan you pay 569.09 each month for 20 years on the loan, what is the total cost of the loan? Round your answer to the nearest hundredth.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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If you have a business loan you pay 569.09 each month for 20 years on the loan, what is the total cost of the loan? Round your answer to the nearest hundredth.
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