Homework Help: Math

Posted by Dee on Sunday, March 25, 2012 at 3:37pm.

Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments?

Math - Ms. Sue, Sunday, March 25, 2012 at 3:45pm
I = PRT

I = 15,000 * 0.09 * 5

I = 6750

(15,000 + 6750) / 60 = _______ monthly payment
Math - Anonymous, Monday, December 3, 2012 at 5:59am
Greg bought a unit for $100000 at 10% per annum. Reductable interest and payments are $540 per fortnight.
Show progress of first 6 weeks.

Greg also borrowed $2000 and intrest rate is 10%. he made a quarterly payment of $500 Draw up a table until all is paid. How much will his last payment be.

Answer this Question

Related Questions

math - Five years ago, you bought a house for $151,000, with a downpayment of $...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
math - you borrow $1200 from a bank that bank charges 9.5% simple annual ...
Math 104 - Five years ago, you bought a house for $171,000. You had a down ...
Algebra: Statistics - Five years ago, you bought a house for $151,000, with a ...
Math - Tonya took out a loan to help pay for her house. She borrowed $50,000 for...
Finance - You just borrowed $15,000 from a bank. If you pay $4,000 at the end of...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
Math Finance please help - Five years ago, you bought a house for $151,000. You ...
Finance - Five years ago, you bought a house for $151,000. You had a down ...

For Further Reading

First Name:
School Subject:
Answer: