A couple borrows $25,000 to be repaid with the monthly payments over 48 months atj4= 12%.They make

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A couple borrows $25,000 to be repaid with the monthly payments over 48 months atj4= 12%.They make the first 14 payments and miss the next three. What new equal monthly payments (up to the next dime) over 31 months would repay the loan on schedule and what will be the concluding payment?

Posted Date: May 11, 2024 03:41 AM

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A couple borrows $25,000 to be repaid with the monthly payments over 48 months atj4= 12%.They make

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To calculate the new equal monthly payments over 31 months we need to find the remaining balance on ... View the full answer

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