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October 22, 2014

October 22, 2014

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 = ?

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