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riadik2000 [5.3K]
3 years ago
10

Loan 1:

Business
1 answer:
vampirchik [111]3 years ago
3 0

Answer:

$10,786.88

Explanation:

The total amount paid on loan will be the sum of monthly payments and the deposit paid.

Monthly payments = $888.49 per month

Number of months = 12

Total monthly payments :  $888.49  x  12= $10,661. 88

Upfront fee( deposit) $125

Loan amount

=$10,661. 88 + $125

=$10,786.88

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