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lions [1.4K]
3 years ago
12

Q.17

History
1 answer:
docker41 [41]3 years ago
5 0

2. He claimed New York Harbor and the Hudson River for the Dutch.

3. He sailed to North America four times.

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What would the monthly payment be for a $5,000 loan with a 6.25% interest rate compounded monthly spread over 60 months?
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Given:
Principal amount = 5,000
interest rate = 6.25%
number of times the interest is compounded per year; 12 times, monthly
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