Mathematics

27 May, 16:37

Katy has a balance of $8,000 on her credit card. After talking to a financial advisor, Katy decided to get a loan from the bank and discontinue using her credit card. The bank will charge Katy 3.5% interest. How much is the total repayment on Katys loan after 4 years if she has a monthly payment of $178.85

A-$9,120

B-$8,584.80

C-$1,200

D-$715.40

+5

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