Question

Jason needs $12,000 to pay for a training program. Jason decides to get loan from his bank at 2.2% interest for 5 years? How much interest will Jason pay for this loan?

Answer 1

Answer:

therefore he will pay $12,264

Answer 2

Answer:

$1,379.37

Step-by-step explanation:

to solve we do $12000(1.022)^5$ then subtract 12000.

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