Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years?  ___$2,043.00 ___$2,400.00 ___$2,403.00 ___$2,640.00

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 18E
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Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years? 

___$2,043.00

___$2,400.00

___$2,403.00

___$2,640.00

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