Carly took a $7,000, 5-year loan with an APR of 1.35%. What is her the monthly payment?

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Vadim Yelagin asked Sep 27, 2023

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Carly took a $7,000, 5-year loan with an APR of 1.35%. What is her the monthly payment?

Mathematics
high-school

Vadim Yelagin asked Sep 27, 2023

by Vadim Yelagin

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25 votes

Answer:

234.833333.

Explanation:

To get this answer, you need to add 7000, which is the amount of the loan, by 1.35%. Which is the interest. You get 7095.4. Then divided that by 30, you get 234.833333.

Rajesh Wadhwa answered Sep 30, 2023

by Rajesh Wadhwa

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