Homework Help: Finance

Posted by Damari on Sunday, June 10, 2012 at 9:07pm.

A guy borrows $5000 and wants to repay it $190 per month starting at the end of this month. If the loan terms are 6% APR with monthly compounding, how many payments will he need to make to pay off the loan?

Finance - Anonymous, Monday, June 11, 2012 at 9:25am
you multiply it by the percent.
or divede i really dont remember lol hey i am trying over here. give me a credit for trying :)

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