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A loan is paid in 15 years with a total of $192.000. It had a 4% interest rate that compounded monthly. What was the principal? Round your answer to the nearest dollar and do no…

A loan is paid in 15 years with a total of $192.000. It had a 4% interest rate that compounded monthly. What was the principal? Round your answer to the nearest dollar and do no…
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A loan is paid in 15 years with a total of $192.000. It had a 4% interest rate that compounded monthly. What was the principal?

Round your answer to the nearest dollar and do not include dollar sign

User Fizker
by
7.2k points

1 Answer

3 votes
I really don’t know but I feel like if it’s 4% it should be the nearest
User Vinay B
by
8.3k points
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