Question 1168088
10% interest / 12 = .833333333% per month


use the following calculator, unless you need to use formulas.


<a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a>


results are displayed below:


<img src = "http://theo.x10hosting.com/2020/102406.jpg" >


calculator says payment at the end of each month is equal to 1,318.74.


a display of the month by month remaining balance on the loan is shown below>


<img src = "http://theo.x10hosting.com/2020/102405.jpg" >


if you need to use formulas, then reference the following tutorial.


<a href = "https://www.algebra.com/algebra/homework/Finance/THEO-2016-04-29.lesson#formulas" target = "_blank">https://www.algebra.com/algebra/homework/Finance/THEO-2016-04-29.lesson#formulas</a>