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Ryan, Engineer

Category: Math Homework

Satisfied Customers: 8834

Experience: B.S. in Civil Engineering

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A loan of $8000 is to be repaid with monthly payments for

Customer Question

A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded monthly. Calculate the monthly payment. JA: The Math Tutor can help you get an A on your homework or ace your next test. Tell me more about what you need help with so we can help you best. Customer: A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded monthly. Calculate the monthly payment. JA: Is there anything else important you think the Math Tutor should know? Customer: A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded monthly. Calculate the monthly payment.

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