Question

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

Answer 1

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.