Answer:
$106
Step-by-step explanation:
The formula given for Monthly payment of a loan =
P × [ r (1 + r)/(1 + r)^n - 1
Where
r = interest rate
n = number of monthly payments
P = Present value of the loan
From the question,
r = interest rate, we were told to ignore hence, r = 0
P = $3,175
n = 30
Hence,
Amount to be paid monthly = P/n
= $3175/30
= $105.83
Approximately to the nearest dollars
= $106
It is persia brainliest please
Answer:
si quieres la respuesta pon más puntos
whether you have the money to lend her
whether she offers you some collateral
whether she is creditworthy
whether she can repay the loan within a period that suits you
whether she offers to pay interest
