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Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly
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5 votes
Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly

User Cmhteixeira
by
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2 Answers

3 votes

PMT = 15000 divided by (1-(1+ (0.0449)/(12months))^(-12*5) )/( (0.0449)/(12) )
User Alfie Hanssen
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5.5k points
4 votes
You will pay $282 monthly I believe.

User Cagcowboy
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4.8k points
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