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Installment Loan Principal $1500.00 Term Length 4 years How much of the first payment for the installment loan 6% shown in the table will go towards interest? Interest Rate Monthly Payment $35.00
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3 votes
Installment Loan

Principal
$1500.00
Term Length
4 years
How much of the first
payment for the
installment loan
6% shown in the table will
go towards interest?
Interest Rate
Monthly Payment
$35.00

Installment Loan Principal $1500.00 Term Length 4 years How much of the first payment-example-1
User Neena
by
6.6k points

1 Answer

6 votes

Answer:

32.90

Explanation:

User Jul
by
6.4k points
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