document.write( "Question 458032: Jack agrees to pay back a $50,000 loan over a 10year period. If the interest rate is 8%, what will his monthly payment be? \r
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document.write( "I got $4000 i donk know if its right. \n" );
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Algebra.Com's Answer #314191 by josmiceli(19441)![]() ![]() You can put this solution on YOUR website! There are \n" ); document.write( "The amount of principle he has to pay back each month is: \n" ); document.write( " \n" ); document.write( "The interest due is \n" ); document.write( "Over 10 years that is \n" ); document.write( "(principle + interest) = monthly payment \n" ); document.write( " \n" ); document.write( "Jack's monthly payment is $450 \n" ); document.write( "Hope I got it\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |