SOLUTION: I sold property for $9000.00 at 10 % interest with the payments at $550.00 a month. how long will it take them to pay it off and how much interest will I make.

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Question 305270: I sold property for $9000.00 at 10 % interest with the payments at $550.00 a month. how long will it take them to pay it off and how much interest will I make.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
9000+%2B+.1%2A9000+=+9900
9900%2F550+=+18
It will take 18 months and you will make $900 interest