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I need urgent help with this math problem, please help me!

I need urgent help with this math problem, please help me!-example-1

1 Answer

2 votes

Answer:

See below

Explanation:

The MONTHLY payment for each loan is just the interest and principal paid for each month

I just used the first line of each amortization:

First one 26 + 196 = $ 222 per month

Second one 26 + 127 = $ 153 per month

Sorry if the numbers are incorrect....the image is very fuzzy....

but this is the method for the answer .

User Bgoosman
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