Question
a. Find the monthly payments for a simple interest
amortized loan of $16000 at 7 1/8
% for 7 years.
monthly payment = $
b. Find the total interest for a simple interest amortized loan
of $16000 at 7 1/8
% for 7 years.
total interest = $
amortized loan of $16000 at 7 1/8
% for 7 years.
monthly payment = $
b. Find the total interest for a simple interest amortized loan
of $16000 at 7 1/8
% for 7 years.
total interest = $