SOLUTION: How much would monthly payments be on a 5 year loan at $15,000 interest at 3%

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Question 662354: How much would monthly payments be on a 5 year loan at $15,000 interest at 3%
Found 2 solutions by lynnlo, MathLover1:
Answer by lynnlo(4176) About Me  (Show Source):
Answer by MathLover1(20850) About Me  (Show Source):
You can put this solution on YOUR website!
%283%2F100%2915000+%2A5=+%280.03%2915000+%2A5=2250......interest need to be paid for 5 years
total=15000%2B2250=17250....need to be paid for 5

5years=60months

total%2Fnumber_of_months=17250%2F60=287.5......... would be monthly payments