document.write( "Question 1055159: An engineer has just borrowed 8000 from a local bank at the rate of 1% per month on the unpaid balance. His contract states that he must repay the loan in 35 equal monthly installments. How much money must he repay each month? \n" ); document.write( "
Algebra.Com's Answer #670514 by MathTherapy(10552)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "An engineer has just borrowed 8000 from a local bank at the rate of 1% per month on the unpaid balance. His contract states that he must repay the loan in 35 equal monthly installments. How much money must he repay each month? \n" ); document.write( " Monthly payment:\n" ); document.write( " |