A baseball training clinic takes out a loan to build a new reception area. The loan is for $28,500 at 4.25% for five years. How much interest will the clinic pay on the loan?

Respuesta :

Answer:

  $3073.80

Step-by-step explanation:

A suitable calculator can tell you the loan payment will be $526.23 monthly. The same calculator can also tell you the total of 60 payments exceeds the loan amount by $3073.80.

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