Posted by michele on .
Janet took out a loan of $50,000 from Bank of America at 8 percent on March 19, 2006 which is due on July 8, 2006. Using exact interest, the amount of Janet's interest cost is

math 
michele,
4,000

math 
Reiny,
That would be the interest for the whole year, so it is incorrect
see ....
http://www.jiskha.com/display.cgi?id=1340199302