Page 1 of 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
Posted: Fri Jul 01, 2022 7:51 am
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 (30.66 KiB) Viewed 34 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)