Posted by **Karen** on Thursday, May 23, 2013 at 5:53pm.

John has a loan of $15,000. How much will his monthly payment be at 6.8% over a 10-year term

- math -
**Ms. Sue**, Thursday, May 23, 2013 at 5:56pm
I = PRT

I = 15,000 * 0.068 * 10

I = 10,200

15,000 + 10.200 = 25,200

25,200 / 120 = ?

## Answer This Question

## Related Questions

- college math - A $8700 personal loan at 5.5% compounded monthly is to be repaid ...
- college math - A $8700 personal loan at 5.5% compounded monthly is to be repaid ...
- Finance - Consider the following scenario: John buys a house for $150,000 and ...
- Finance - Consider the following scenario: John buys a house for $150,000 and ...
- MATH - IF LOAN BALANCE IS 34,000.00 AND YOU PAY $597.21 MONTHLY AT 7.50 INTEREST...
- Maths - Amortization of a $1000 Loan Interest Monthly payment rate 15yr 20yr ...
- Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...
- Math - 4. Find the monthly payment for the loan. (Round your answer to the ...
- Math - Richard borrowed 180000 dollars from his bank to help finance the ...
- Algebra: Statistics - Five years ago, you bought a house for $151,000, with a ...

More Related Questions