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john takes out a loan for $8500 at 12% interest compounded monthly and is making payments of $84 a month. Calculate his remaining balance after 18 months
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john takes out a loan for $8500 at 12% interest compounded monthly and is making payments of $84 a month. Calculate his remaining balance after 18 months

User Oramas
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1 Answer

7 votes

Answer:

Use the given functions to set up and simplify 12 % . 8500 = 12 % = 0.12 84 a mo = 0.12 18 mo = 0.12

Explanation:

User Boric
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