Asked by Melany
A woman wants to borrow $11,000 in order to buy a car. She wants to repay the loan by monthly installments for 5 years. If the interest rate on this loan is 7 1/2%
per year, compounded monthly, what is the amount of each payment? (Round your answer to the nearest cent.)
per year, compounded monthly, what is the amount of each payment? (Round your answer to the nearest cent.)
Answers
Answered by
Reiny
same question as the previous one,
let me know what you got
let me know what you got
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