Ask Question
30 April, 06:28

The best interest rate for a borrower on a $5,000 loan for 5 years is:

+5
Answers (2)
  1. 30 April, 06:46
    0
    So, $83.40 should be paid monthly

    Step-by-step explanation:

    5000 divided by 5 = 1000

    1000 should be paid yearly

    1000 divided by 12 = 83.40

    12 represents the number of months in a year.
  2. 30 April, 09:38
    0
    The answer is $83.40
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The best interest rate for a borrower on a $5,000 loan for 5 years is: ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers