Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A loan of $7,419 was repaid at the end of 14 months. What amount of repayment check (principal and interest) was written, if a 4.7%
A loan of $7,419 was repaid at the end of 14 months. What amount of repayment check (principal and interest) was written, if a 4.7% annual rate of interest was charged?
Step by Step Solution
★★★★★
3.46 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the total repayment amount for a loan with an annual interest rate of 47 that was ...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started