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A loan of $105,504.60 is to be amortized over a 10-year term at 12% interest compounded monthly with monthly pay of the term. Calculate the monthly payment. ...
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A loan of $105,504.60 is to be amortized over a 10-year term at 12% interest compounded monthly with monthly pay

of the term. Calculate the monthly payment.
...

User Vitor Durante
by
8.4k points

1 Answer

6 votes

Answer:

$1,513.68

Explanation:

User Vikram Palakurthi
by
8.6k points
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