interest and total payments $10,000 loan over five years\ninterest rate monthly payment total paid\n5%…

interest and total payments $10,000 loan over five years\ninterest rate monthly payment total paid\n5% $188.70 $11,322.00\n10% $212.50 $12,750.00\n15% $237.90 $14,274.00\n18% $253.90 $15,234.00\nbanks make the most money and take the most risk with an interest rate of\no 5 percent.\no 10 percent.\no 15 percent\no 18 percent.

interest and total payments $10,000 loan over five years\ninterest rate monthly payment total paid\n5% $188.70 $11,322.00\n10% $212.50 $12,750.00\n15% $237.90 $14,274.00\n18% $253.90 $15,234.00\nbanks make the most money and take the most risk with an interest rate of\no 5 percent.\no 10 percent.\no 15 percent\no 18 percent.

Answer

Explanation:

Step1: Analyze total - paid amounts

The total paid amount represents the money the bank receives from the loan. Higher total - paid means more money for the bank.

Step2: Compare total - paid values

We have total paid amounts for different interest rates: $11,322.00$ (5% rate), $12,750.00$ (10% rate), $14,274.00$ (15% rate), and $15,234.00$ (18% rate).

Step3: Determine the highest value

The highest total - paid amount is $15,234.00$ which corresponds to an 18% interest rate.

Answer:

18 percent.