Ask a New Question

Loan amount = $10,000

Monthly payments = $258.50
Time of loan contract = 5 years
True annual interest rate?

Ask a New Question or answer this question.

Similar Questions

1. Rishi ram obtained an installment loan for $3,000.00. He agreed to repay the loan in 6 monthly payments. His monthly payments
1. 1 answer
1. Rishi ram obtained an installment loan for $3,000.00. He agreed to repay the loan in 6 monthly payments. His monthly payments
1. 1 answer
A store offers a loan for $900 to buy a computer. The terms of the loan are for 9% simple interest and equal monthly payments
1. 9 answers
You decide to borrow $28,000 to put in a new swimming pool. You obtain an interest-bearing loan for 30 years, making equal
1. 1 answer

more similar questions