Monday

October 20, 2014

October 20, 2014

Posted by **tony** on Sunday, November 20, 2011 at 4:13pm.

- math -
**Henry**, Monday, November 21, 2011 at 8:56pmPt = Po + Po*r*t,

r = (12%/12) / 100% = 0.01 = Monthly % rate (MPR) expressed as a decimal.

t = 9.7 Mo. = Length of loan.

Pt=21,900 + 21,900*0.01*9.7=$24,024.30

- math -
**Henry**, Monday, November 21, 2011 at 8:58pmpost it.

**Answer this Question**

**Related Questions**

math - Joyce took out a loan for $21,900, at 12 percent, on March 18, 2007, ...

Business Math - Joyce took out a loan for $21,900 at 12 percent on March 18, ...

Business Math - 13. Joyce took out a loan for $21,900 at 12 percent on March 18...

business math - Joyce took out a loan for $ 21,900 at 12 percent on March 18, ...

Business Math - Joyce took out a loan for $21,900 at 12 percent on March 18, ...

math - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...

math - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8 ...

home economics - Janet Home went to Citizen Bank. She borrowed $7,000 at a rate ...

engr. economics. - last year 92005-2006) you took out a a student loan for $12,...

business math - Jnaet took out a loan of $50,000 from Bank of America at 8 ...