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Trey is taking out a loan for 85000. It is a 20 year load with an apr of 5.85% what will his monthly payment be?

Trey is taking out a loan for 85000. It is a 20 year load with an apr of 5.85% what will his monthly payment be?
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4 votes
trey is taking out a loan for 85000. It is a 20 year load with an apr of 5.85% what will his monthly payment be?

User Cassianoleal
by
7.7k points

1 Answer

4 votes
Loan Amount is- 85,000
Years- 20
APR- 5.85%
By plugging in what you know to a loan calculator the answer comes out to a monthly payment of $601.63
User Julien Vavasseur
by
8.4k points
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