Question

18,500 loan 36 months @ 11.58% what are the payments? not sure how I work this out thanks in advance

Answer 1

if it is simple interest then we use SI = PRT
Rate is 0.1158
Time is 3 years
And the principal is 18500
Just find SI
And to find payment add it to the principal as
Payment = Principal + Simple Interest!
Got it? :)

Answer 2

will check it out and see :) hopefully I will thx

Answer 3

:)