Multiple Choice
Dr.Drake is thinking about retirement and decides to sail around the world once he retires.He buys a sailboat for $125,000.He borrows the money at an APR of 7.5% for five years.How much will his total interest be?
A) $46,875.30
B) $36,875.40
C) $25,284.40
D) $17,388.80
Correct Answer:
Verified
Correct Answer:
Verified
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