Carl ordered a unique washer and more dry at a total pricing regarding $3800. The guy produced an advance payment away from $1500 and you may gotten a two season loan on the leftover matter at mortgage away from six.2%. His monthly obligations will be $ over couple of years.
Refer back to the purchase off a tv getting $4000. This new buyer agrees to an excellent cuatro 12 months label in the an interest price away from 4.5%. a) Utilize the formula to determine the month-to-month payment payment b) Determine the installment payments
A kitchen table set is bought having $5600. The acquisition is funded with a good 3 12 months mortgage at the an enthusiastic interest out-of a dozen.5%.
Read moreHe received a beneficial step three 12 months loan within mortgage away from 7
