Question

Josh borrows some money on which he makes monthly payments of $125.43 for 3 years. If the interest rate is 5.4%/a compounded monthly, what will be the total amount of all of the payments at the end of the 3 years?

Related Questions

John borrows $150,000. The terms of the loan are 7.5% over the next 5 years. It is important to note... Claudette borrows money to buy a house. She will have monthly payments based on 4.5% compounded mon... Derek borrows $38,179.00 to buy a car. He will make monthly payments for 6 years. The car loan has a...