dockdemon dockdemon

01-12-2017
Mathematics

contestada

What is the total payment for an $8,720 loan at 12.5 percent for 15 years?

Respuesta :

01-12-2017

The total payment in what of that in simple interest will be solved by multiplying all three numbers and then the answer you get, add it to the principle.
16350+8720=$25070. 00 as your total payment.

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dannielle dannielle

01-12-2017

8720*12,5/100*15=16406,25 $

8720+16406,25= 25 126,25 $

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