Klemson High Tech Industries Borrowed 65 000 For Three Years At 14 Compounded Se

Klemson High-Tech Industries borrowed $65,000 for three years at 14% compounded semi-annually. How much interest will they pay on the loan when they pay it off at the end of the term of the loan? (Express your answer to the nearest cent.)





Loan amountInterestYearsPayoff amountInterest payment $65,00014%3$97,547.47$32,547.47