A fairly good estimate for a long-term loan with a moderate or high interest rate is that the monthly payment is _____ as large

Question

KonstantinChe [14]

2 years ago

15

A fairly good estimate for a long-term loan with a moderate or high interest rate is that the monthly payment is _____ as large

as the principal times the monthly interest rate.

Mathematics

1 answer:

Masja [62] · Answer 1 · 2022-08-05T16:22:48+03:00

Masja [62]2 years ago

5 0

Answer:

at least

Step-by-step explanation:

A fairly good estimate for a long-term loan with a moderate or high interest rate is that the monthly payment is<u><em> AT LEAST</em></u> as large as the principal times the monthly interest rate.