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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?
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245.22 is the correct answer
Monthly payment = 123.85 × 2.44= 302.90 The monthly payment for the loan is approximately $302.90.
The monthly payment is $302.78.
@grizzley19 wrote:
The monthly payment is $302.78.
@toga wrote:
@grizzley19 wrote:
The monthly payment is $302.78.
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302.78
is the correct answer
lol
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