Valeryfajardo2409 Valeryfajardo2409

27-02-2021
Mathematics

contestada

To attend the University of Houston Main Campus, the bank agrees to give you $35,000 loan with a 2%
simple interest rate for 8 years.
How much will you owe back to the bank?
You have 15 years to payback the loan. How much will your monthly payments?

Respuesta :

27-02-2021

Answer:

The answer is

$ 225.23 monthly payments.

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