What is the monthly payment for a loan if the amount to finance is $12,385, the APR is 6.9 percent for 5 years and the monthly payment per $100 is $2.44?

Question

whypyt · Answer

245.22 is the correct answer

ihy · Answer

Monthly payment = 123.85 × 2.44= 302.90

The monthly payment for the loan is approximately $302.90.

GRIZZLEY19 · Answer

The monthly payment is $302.78.

toga · Answer

@grizzley19 wrote:

The monthly payment is $302.78.

umm is this right? @magaback

MAGABACK · Answer

@toga wrote:

@grizzley19 wrote:

The monthly payment is $302.78.

umm is this right? @magaback

It sounds right to me.

ykbatman · Answer

302.78

ykbatman · Answer

is the correct answer

grimreaper124 · Answer

lol