Donna is applying for a personal loan of $5,000 at 4% with a 5-year term to help furnish her new home. In order to pay the loan off in 5 years her monthly payments will need to be $98.02. Find the interest paid on the loan.
(Find total repayment first)

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19deleonl

31.08.2020

Mathematics

donde?

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Donna is applying for a personal loan of $5,000 at 4% with a 5-year term to help furnish her new home. In order to pay the loan off in 5 years her monthly payments will need to be $98.02. Find the interest paid on the loan. (Find total repayment first) HELP DUE IN 10 MINUTES