Homework Help: business

Posted by Anonymous on Monday, December 19, 2011 at 11:40am.

You find that a small business loan in the amount of 50,000 is the amount you need to purchase the restaurant location. After researching banks to find the best interest rate, you find that banks for small businesses offer the best interest rate of 9% interest that compounds monthly for 7 years.

business - Henry, Wednesday, December 21, 2011 at 2:59pm
What is the question?
business - Anonymous, Monday, November 12, 2012 at 11:07pm
Whats the monthly payment?
Show the formula that you used and the values used for each variable to calculate the monthly payment?

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