- 18 A Loan Of 17 200 At 9 Compounded Monthly Is To Be Paid Off By Equal Payments To Be Made At The End Of Every Month 1 (9.91 KiB) Viewed 61 times
18. A loan of $17,200 at 9% compounded monthly is to be paid off by equal payments to be made at the end of every month
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18. A loan of $17,200 at 9% compounded monthly is to be paid off by equal payments to be made at the end of every month
18. A loan of $17,200 at 9% compounded monthly is to be paid off by equal payments to be made at the end of every month for three years. What is the size of the monthly payment? (2 marks)