SOLUTION: John borrows $150,000. The terms of the loan are 7.5% over the next 5 years.

SOLUTION: John borrows $150,000. The terms of the loan are 7.5% over the next 5 years.

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Question 322447: John borrows $150,000. The terms of the loan are 7.5% over the next 5 years.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
John borrows $150,000. The terms of the loan are 7.5% over the next 5 years.
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Is that a good interest rate?
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