Enrique took a $81,000 loan at 3.22% compounded monthly and decided to make end of month payments of $2,482. 1) How many

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Enrique took a $81,000 loan at 3.22% compounded monthly and decided to make end of month payments of $2,482. 1) How many

Post by answerhappygod »

Enrique Took A 81 000 Loan At 3 22 Compounded Monthly And Decided To Make End Of Month Payments Of 2 482 1 How Many 1
Enrique Took A 81 000 Loan At 3 22 Compounded Monthly And Decided To Make End Of Month Payments Of 2 482 1 How Many 1 (32.08 KiB) Viewed 21 times
Enrique took a $81,000 loan at 3.22% compounded monthly and decided to make end of month payments of $2,482. 1) How many payments will Enrique have to make to amortize this loan? (rounded to the next higher whole number) 2) What will the size of his final payment be? SA (enter a positive value)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”