What is the interest amount after borrowing $83,500 at a rate of 4.005% over 6 years? Round your answer to the nearest cent.
Answers
Step-by-step explanation:
2 $82,472.12 $275.25 $1,031.31 $81,440.81 $553.93 $2,613.13
3 $81,440.81 $271.81 $1,034.75 $80,406.05 $825.74 $3,919.69
4 $80,406.05 $268.36 $1,038.21 $79,367.84 $1,094.10 $5,226.25
5 $79,367.84 $264.89 $1,041.67 $78,326.17 $1,358.99 $6,532.82
6 $78,326.17 $261.41 $1,045.15 $77,281.02 $1,620.40 $7,839.38
7 $77,281.02 $257.93 $1,048.64 $76,232.38 $1,878.33 $9,145.94
8 $76,232.38 $254.43 $1,052.14 $75,180.25 $2,132.75 $10,452.50
9 $75,180.25 $250.91 $1,055.65 $74,124.60 $2,383.66 $11,759.07
10 $74,124.60 $247.39 $1,059.17 $73,065.43 $2,631.06 $13,065.63
11 $73,065.43 $243.86 $1,062.71 $72,002.72 $2,874.91 $14,372.19
12 $72,002.72 $240.31 $1,066.25 $70,936.46 $3,115.22 $15,678.76
13 $70,936.46 $236.75 $1,069.81 $69,866.65 $3,351.97 $16,985.32
14 $69,866.65 $233.18 $1,073.38 $68,793.27 $3,585.