Asked by Anonymous

you have borrowed $135,000 from the bank today. You are required to repay this money over the next six years by making monthly payments of $2,215.10 at the end of each month. What is the quoted interest rate for the loan (with monthly compounding
Answered by anonymous
look at this website:
www.jiskha.com/questions/1119499/You-have-borrowed-135-000-from-the-bank-today-You-are-required-to-repay-this-money
Answered by Reiny
good catch, I stand by my solution