Mathematics, 06.04.2020 23:04 rndbwls5760

John took out a loan to do some repairs on his home. He borrowed
$25,000 for 6 years. The bank compounded the interest monthly and
charged a 6.5% interest rate. How much interest did he have to pay to
borrow the money? Round to the nearest cent. *

Answers: 3

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John took out a loan to do some repairs on his home. He borrowed
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More questions: Mathematics Another questions

John took out a loan to do some repairs on his home. He borrowed $25,000 for 6 years. The bank compounded the interest monthly and charged a 6.5% interest rate. How much interest did he have to pay to borrow the money? Round to the nearest cent. *

Answers

Another question on Mathematics

John took out a loan to do some repairs on his home. He borrowed
$25,000 for 6 years. The bank compounded the interest monthly and
charged a 6.5% interest rate. How much interest did he have to pay to
borrow the money? Round to the nearest cent. *