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The bank agrees to give you a loan of $35,000 with 2% simple interest over 8 years. how much will your monthly payments be?
52.7k views
10 votes
The bank agrees to give you a loan of $35,000 with 2% simple interest over 8 years. how much will your monthly payments be?

User Kunerd
by
7.7k points

2 Answers

11 votes

Answer:

$395

Explanation:

You could have used a loan calculator online

User Nickohrn
by
8.0k points
6 votes

Answer:

$37.05 i think

Explanation:

User Tomalec
by
8.0k points
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