rayonna33 rayonna33

15-05-2024
Mathematics

Answered

LOAN TABLE
You go to the local GMC Lending Store to apply for a personal loan. You tell the sales person that you would like to borrow $3000 and would like to pay it back in 3 years. They have you fill out an application and find out your FICA score is 540. They tell you that this entitles you to a 11.25% APR. What will be your monthly payment?

Answer :

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