Sunday

February 1, 2015

February 1, 2015

Posted by **Lisa** on Monday, November 10, 2008 at 9:09pm.

Can you provide the steps on how you got the answer to this question?

A bank requires a monthly payment of $33.45 on a $2500 loan. At the same rate, find the monthly payment on a $10,000 loan.

- Math -- Finance -
**Ms. Sue**, Monday, November 10, 2008 at 9:11pmAssistance needed.

- Urgent help! -
**Lisa**, Monday, November 10, 2008 at 10:20pmneed help for this math question:

Can you provide the steps on how you got the answer to this question?

A bank requires a monthly payment of $33.45 on a $2500 loan. At the same rate, find the monthly payment on a $10,000 loan.

- Home work help -
**Ms. Sue**, Monday, November 10, 2008 at 10:32pm33.45 * 12 = $401.40 annually

401.4 / 2500 = 0.16056 = 16.056%

10,000 * 0.16056 = 1605.6

$1605.60 / 12 = ?

**Answer this Question**

**Related Questions**

math - Question: The price of a home is $180,000. The bank requires a 10% down ...

math - Mr. Hobbs was just about to take out a home mortage of $120,000 for 20 ...

math URGENT HELP - Mr. Hobbs was just about to take out a home mortage of $120,...

Monthly payment-Math - Okay here is my question two guys buy a new room for $10,...

Maths - Hi I have post this question before but was not able to get the answer ...

Algebra - Question Part Points Find the monthly payment for the loan. (Round ...

Math - The Robinsons decide they would rather purchase the $85,000 home. Their ...

Maths - Can pls someone explain me this ? Thank you The Browns’ gross monthly ...

Chem Home Work Help! - I am a bit confuse with a question from a home work that ...

Reiny I NEED YOU - Your cousin can afford a monthly house payment of $675 if her...