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Jerold takes out a 60-month loan for $21,500. At a 1% interest rate, what is his monthly payment? use Amortization formula: a) $295 b) $315 c) $321 d) $368

Jerold takes out a 60-month loan for $21,500. At a 1% interest rate, what is his monthly payment? use Amortization formula: a) $295 b) $315 c) $321 d) $368
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Jerold takes out a 60-month loan for $21,500. At a 1% interest rate, what is his monthly payment?

use Amortization formula:

a) $295
b) $315
c) $321
d) $368

User Aditya Sehgal
by
8.5k points

1 Answer

4 votes

Answer:

D

Explanation:

User Ahsan Iqbal
by
7.9k points
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