1 Answered Questions for the topic Simple Interest Formula
Simple Interest Formula
07/24/15
A bank charges you 9% interest that is compounded monthly. Find the total amount of interest paid for a 12--year loan of $75,000.00 for your studio.
I am having a really hard time trying to figure out this formula. I have googled what needs to be placed where but it still makes no sense. Can somebody please help?
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