3. Milo borrows $5,000 from an institution that charges 8.5% interest per year. How much more will Milo have to pay in interest if he chooses to pay the loan in 3 years instead of 2 years?

Question

05-10-2022
Mathematics

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3. Milo borrows $5,000 from an institution that charges 8.5% interest per year. How much more will Milo have to pay in interest if he chooses to pay the loan in 3 years instead of 2 years?

Sagot :

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