math

posted by sully

A store offers a loan for $900 to buy a computer. The terms of the loan are for 9% simple interest and equal monthly payments for three years. What is the monthly payment?

  1. Ms. Sue

    I = PRT
    I = 900 * 0.09 * 3
    I = 243

    (243 + 900) / 36 = $______ per month

  2. Stephan

    450

  3. Sophia

    I=PRT

    I=900*0.09*3

    I=243

    243+900

    1143/36

    Answer=$31.75 monthly

  4. Billy Bob I !@#$%^&ed your Mom

    itz 10!

  5. Billy Bob I !@#$%^&ed your Mom

    itz 10!

Respond to this Question

First Name

Your Answer

Similar Questions

  1. mathematics

    The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73 Loan balance: $25,000.00 Loan interest rate 10.0% Monthly loan payment: $330.38 Number of payments: 120 Cumulative Payments: $39,644.05 …
  2. Math

    4. Vanna has just financed the purchase of a home for $200 000. She agreed to repay the loan by making equal monthly blended payments of $3000 each at 9%/a, compounded monthly. c. How long will it take to repay the loan?
  3. Computer science

    Write an HTML form that prompts the user to enter loan amount, interest rate, and number of years, as shown in Figure 1. Clicking the Compute Payment button invokes a JSP program to compute and display the monthly and total loan payments, …
  4. Finance

    11. Loan Payments You wish to buy a $30,000 car. The dealer offers you a 4-year loan with a 6 percent APR. What are the monthly payments?
  5. Finance - Loans problem please help

    A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company …
  6. Please Help me with a Finance - Loan problem

    A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company …
  7. Math

    The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54. Loan Balance: $30,000.00 Loan Interest Rate: 7.00% Monthly Loan Payment: $348.33 Number of Payments: 120 Cumulative Payments: $41,798.81 …
  8. Math

    You need to borrow $20,000 to buy a car. You can only afford to make monthly payments of $200. The bank offers 3 choices: 3-year loan at 5%, 4-year loan at 6%, and a 5-year loan at 7%. a) What’s the monthly payment for each loan?
  9. math

    You purchase a hot tub costing $4,600 by taking out a 13% add-on interest installment loan. The loan requires a 15% down payment and equal monthly payments for 4 years. How much are your monthly payments?
  10. math

    Scott purchases a piano costing $2,630 by taking out a 13% add-on interest installment loan. The loan requires a 15% down payment and equal monthly payments for 5 years. How much are Scott's monthly payments?

More Similar Questions