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marishachu [46]
4 years ago
12

Eugene took out a loan for $1075 at a 12.6% APR, compounded monthly, to

Mathematics
2 answers:
aleksandr82 [10.1K]4 years ago
5 0

Answer:

approximately 12 payments.

Step-by-step explanation:

you can pay off the loan in a year by multiplying 87.25 and 12. this will give you 1047, which is about 28$ off. then after that year, you can pay off the $28 whenever you finish with the 87.25

just olya [345]4 years ago
3 0

Answer: 14

Step-by-step explanation: Apex

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Step-by-step explanation:

First, we have to convert the mixed fractions to improper fractions

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