Mathematics, 24.05.2021 01:10 willveloz4

Jack tool out a 6-year loan for $25,000 to purchase a boat at a 4.5% interest rate. If the interest is compounded monthly, what will he have paid total over the course of the loan? A. $354,065.49
B. $42,813.82
C. $32,732.58
D. $25,567.80

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Jack tool out a 6-year loan for $25,000 to purchase a boat at a 4.5% interest rate. If the interest...

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Jack tool out a 6-year loan for $25,000 to purchase a boat at a 4.5% interest rate. If the interest is compounded monthly, what will he have paid total over the course of the loan? A. $354,065.49 B. $42,813.82 C. $32,732.58 D. $25,567.80

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Another question on Mathematics

Jack tool out a 6-year loan for $25,000 to purchase a boat at a 4.5% interest rate. If the interest is compounded monthly, what will he have paid total over the course of the loan? A. $354,065.49
B. $42,813.82
C. $32,732.58
D. $25,567.80