Posted by melissa on .
a small business loan in the amount of 50,000 with an interest rate of 9% that compounds monthly for 7 years what would my monthly payment be

math 
Reiny,
let the payment be P
i = .09/12 = .0075
n = 7(12) = 84
P( 1  1.0075^84)/.0075 = 50000
...
...
P = $804.45