Susan took out a personal loan for $3500 at an interest rate of 13% compounded monthly. she made arrangements to pay the loan off in 3 years. what will her monthly payment be?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jul 8, 2021 58.0k views

4 votes

Susan took out a personal loan for $3500 at an interest rate of 13% compounded monthly. she made arrangements to pay the loan off in 3 years. what will her monthly payment be?

Mathematics
college

Igor Gonak asked

by Igor Gonak

5.7k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

2 votes

Answer:

$93.22

Explanation:

Tarit Ray answered Jul 9, 2021

by Tarit Ray

5.6k points

0 Comments

Please log in or register to add a comment.

7 votes

Answer:

The monthly payment is 117.88.

Eronn answered Jul 14, 2021

by Eronn

6.7k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions