rjromero0801 rjromero0801
  • 15-03-2020
  • Mathematics
contestada

Eli is taking out $29520 loan for medical bills. The agreement was for a 5 year loan at 7.1% APR. What will be his monthly payment

Respuesta :

justneedanswers17 justneedanswers17
  • 15-03-2020

Answer: $582.48

Step-by-step explanation: TVM Solver Equation

N = 60 (5 x 12 months)

I% = 7.1%

PV = $29,520

PMT = -$582.47881

FV = 0

P / Y = 12 (months)

C / Y = 12

PMT: BEGIN  

Answer Link

Otras preguntas

A mug has a diameter of 9 centimeters and a height of 11 centimeters. Which of the following is the closest to the volume of the mug?
cual es El problema principal Al principal de esta selection​
Michael played a game of darts. He threw 14 darts and hit the target 6 times. What is the experimental probability that Michael will hit the target the next tim
Which is the least fragile? A) ceramic teacup B) glass cup C) icicle D) plastic blocks
Federal judges serve: four-year term six-year term until voted out of office a life term
Which of the following could be the equation of the function below?
Which statement best describes the effect that magical elements have on a reader of magical realism? The reader is often shocked and surprised by the magical el
what is the process of incorporation? What guarantees in the bill of rights are not now covered by the 14th amendment due process clause.
What surprising discovery does Ben make on prom night? Why is this significant?
What should someone do to help a spinal injury victim after calling 911? tell the person to stay still encourage the person to move into a comfortable position