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Jeremy has a loan from the bank. He owes $128,271. 60 including interest. He plans to pay the loan back in 18 years. How much must Elijah pay each month to have the loan paid in…

Jeremy has a loan from the bank. He owes $128,271. 60 including interest. He plans to pay the loan back in 18 years. How much must Elijah pay each month to have the loan paid in…
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Jeremy has a loan from the bank. He owes $128,271. 60 including interest. He plans to pay the loan back in 18 years. How much must Elijah pay each month to have the loan paid in 18 years?

User Aaron Cook
by
8.4k points

1 Answer

5 votes

Answer:

593.85

Explanation:

18*12 = 216 months

128271.60/216 = 593.85

User Rahpuser
by
8.2k points
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