February 21, 2017

Homework Help: math

Posted by frustrating on Monday, May 2, 2011 at 9:57pm.

I keep getting the wrong answer on this. My answers have been $243.18 and another was $247.23. ugh.. neither is right, so help plz.

A homeowner planning a kitchen remodeling can afford a $200 monthly payment. How much can the homeowner borrow for 3 years at 5%, compounded monthly, and still stay within the budget? (Round your answer to the nearest cent.)

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions