The guy acquired a good 3 12 months loan in the mortgage away from 7
Carl ordered a different sort of automatic washer and drier on a complete costs from $3800. He produced a down payment out-of $1500 and acquired a two seasons loan for the left amount in the mortgage off six.2%. His monthly obligations could well be $ more 24 months.
Refer back into the purchase off a television to own $4000. The fresh customer believes to help you an effective 4 year label at an interest price from cuatro.5%. a) Make use of the algorithm to choose the month-to-month payment percentage b) Dictate the complete installment payments
A dining room table lay is bought to own $5600. The purchase try funded which have an effective step 3 seasons financing from the a keen rate of interest off 12.5%. a) Use the formula to find the month-to-month cost fee b) Dictate the entire installment payments.
