Register
Home Improvement Loan. The Van Reken family borrows $7824 to build a detached garage next to their home. The loan is to be paid off in equal monthly payments of $163 (excluding interest). How many months
79.8k views
1 vote
Home Improvement Loan. The Van Reken family

borrows $7824 to build a detached garage next
to their home. The loan is to be paid off in equal
monthly payments of $163 (excluding interest). How
many months will it take to pay off the loan?

User Chandra Shekhar
by
7.0k points

1 Answer

1 vote

Answer:

The answer is.... it will take them 48 months to pay off the home improvement loan.

User Cristian Marian
by
7.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.7m questions

11.3m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!