Register
1. The simple interest due on a 2.5-year loan of $8, 500 is $1,062.50. Find the monthly payments on the loan. -$825.50 - $1,062.50 - $3, 825 -$318.75
145k views
1 vote
1. The simple interest due on a 2.5-year loan of $8, 500 is $1,062.50. Find the monthly payments on the loan.

-$825.50
- $1,062.50
- $3, 825
-$318.75

User Timo Haberkern
by
8.2k points

1 Answer

1 vote
The monthly payment on the loan would be of -$318.75
User Keith Robertson
by
8.2k points
← Prev Question Next Question →

Related questions

User Dave Kirby
asked May 6, 2024 94.3k views
Find the mean or average of these saving accounts $215 $156 $318 $75
Dave Kirby asked May 6, 2024
by Dave Kirby
8.0k points
2 answers
3 votes
94.3k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m 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!