Friday
April 18, 2014

Homework Help: Monthly payment-Math

Posted by HM on Friday, October 14, 2011 at 7:18pm.

Okay here is my question

two guys buy a new room for $10,000
down payment: $1000
and they want to pay whatever they owe in 30 monthly payments..

find the amount of the monthly payment at 10% add on interest.


I keep getting 330..
but the answer is 375.

I dont understand :/

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Home work help - I need help for this math question: Can you provide the steps ...
math - A lender gives you a choice between the following two 30-year mortgages ...
MATHHH - Mike wants to buy a snowmobile. His parents decide to lend him $9 000 ...
math - Jeanna wants to buy a new boat for her family. She has two payment ...
Finance - Dave takes out a 30-year mortgage of 200000 dollars for his new house...
real estate finance - Jay has an annual income of $50,000. He would qualify for ...
College Algebra and Finance - Please help! Just need the answer... A lender ...
math - so if i have monthly payments i would multiply the monthly payment by 12 ...
Math - bill and laura borrowed $15 000 at 6 per annum compounded monthly for 30 ...
personal finance - Todd is applying for a $100,000 mortgage.He can get a $600 ...

Search
Members