Question
Kimmie signed a loan agreement that required monthly payments of $259.00 at the end of each month for 4 years at 7.2% compounded monthly. a.
Kimmie signed a loan agreement that required monthly payments of $259.00 at the end of each month for 4 years at 7.2% compounded monthly.
a. How much was the original loan?
b. How much interest did she pay in total?
Round to the nearest cent
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The Essential Credit Repair Handbook
Authors: Deborah McNaughton
1st Edition
160163160X, 978-1601631602
