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March 2, 2015

March 2, 2015

Posted by **Kimberly** on Thursday, December 15, 2011 at 5:21pm.

What is the monthly payment for this loan?

Show the formula that you used and the values used for each variable to calculate the monthly payment.

What is the unpaid balance of the loan at the end of the 1st year?

Show the formula that you used and the values used for each variable to calculate the unpaid balance at the end of the 1st year.

What is the unpaid balance at the end of the 6th year? Show the formula that you used and the values used for each variable to calculate the unpaid balance at the end of the 6th year.

- Algebra -
**Anonymous**, Monday, May 13, 2013 at 11:04amYou get a small business loan for 50,000.What is the monthly payment.

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