Valeryfajardo2409
Valeryfajardo2409 Valeryfajardo2409
  • 27-02-2021
  • Mathematics
contestada

You decide to purchase a Ferrari 488. The bank agrees to give you $245,000 loan with a 2% simple
interest rate for 12 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 :

zelo10
zelo10 zelo10
  • 27-02-2021

Answer:

The answer is

$ 836.03 monthly payments.

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