SOLUTION: Find the monthly payment for the loan. (Round your answer to the nearest cent.)
$200 loan for 12 months at 11%
Algebra.Com
Question 715096: Find the monthly payment for the loan. (Round your answer to the nearest cent.)
$200 loan for 12 months at 11%
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=200*0.11*1
I=22
--
222/12=$18.50
RELATED QUESTIONS
Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A... (answered by reviewermath)
Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A... (answered by Theo)
Find the monthly payment for the loan. (Round your answer to the nearest cent.)
A... (answered by ewatrrr)
Chuck Wells is planning to buy a Winnebago motor home. The listed price is $155,000.... (answered by CPhill)
Rounding in the calculation of monthly interest rates is discouraged. Such rounding can... (answered by Theo)
Rounding in the calculation of monthly interest rates is discouraged. Such rounding can... (answered by CPhill)
Suppose that you decide to borrow $17,000 for a new car. You can select one of the... (answered by Theo)
Lupe made a down payment of $1800 toward the purchase of a new car. To pay the balance of (answered by josmiceli)
You are borrowing $7400 to buy a car. If you pay the loan off in 3 years (36 months),... (answered by Boreal)