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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?
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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?

User Igor Gonak
by
7.4k points

2 Answers

2 votes

Answer:

$93.22

Explanation:

User Tarit Ray
by
6.9k points
7 votes

Answer:

The monthly payment is 117.88.

C)

User Eronn
by
8.3k points
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