Asked by Karen

John has a loan of $15,000. How much will his monthly payment be at 6.8% over a 10-year term

Answers

Answered by Ms. Sue
I = PRT
I = 15,000 * 0.068 * 10
I = 10,200

15,000 + 10.200 = 25,200

25,200 / 120 = ?


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