Mary takes out a loan for $ 6 , 000 at a simple interest rate of 12 % to be paid back in 36 monthly installments. What is the am

Question

ra1l [238]

2 years ago

9

Mary takes out a loan for $ 6 , 000 at a simple interest rate of 12 % to be paid back in 36 monthly installments. What is the am

ount of her monthly payments? Round your answer to the nearest cent if necessary.

Mathematics

1 answer:

solniwko [45] · Answer 1 · 2022-08-19T10:42:32+03:00

solniwko [45]2 years ago

5 0

Answer:

199.30

Step-by-step explanation:

https://www.calculatorsoup.com/calculators/financial/loan-calculator-simple.php?pv=6000&ratepercent=12&t=3&time_t=year&given_data_last=find_pmt&action=solve