College Prep Math Unit 12 - Loans Review Flashcards

College Prep Math Unit 12 - Loans Review

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Question

$2,000 loan at 9% for 48 months with a monthly payment of $49.77. Balance=$1,527.08 after payment 12. Find 13th interest

Answer

$11.45 interest, $1,538.53 needed to pay off the loan with the 13th payment

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Card 1 of 24

College Prep Math Unit 12 - Loans Review

0 / 24

Question

Answer

$11.45 interest, $1,538.53 needed to pay off the loan with the 13th payment

Know itStill learning

Card 1 of 24