Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

you have a loan of 1 0 0 , 0 0 0 , 6 . 8 8 % intrest, APR of 6 . 9 2

you have a loan of 100,000,6.88% intrest, APR of 6.92%. You can pay an extra 25%of the minimum monthly payment. So your monthly payments are now $2,289.70(3.9 year life span) how much will you repay over the life of the loan?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Health Care Finance

Authors: William O. Cleverley

3rd Edition

0834203413, 978-0834203419

More Books

Students also viewed these Finance questions