dockdemon
dockdemon dockdemon
  • 01-12-2017
  • Mathematics
contestada

What is the total payment for an $8,720 loan at 12.5 percent for 15 years?

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Zoey04 Zoey04
  • 01-12-2017
The total payment in what of that in simple interest will be solved by multiplying all three numbers and then the answer you get, add it to the principle.
16350+8720=$25070. 00 as your total payment.
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dannielle
dannielle dannielle
  • 01-12-2017
8720*12,5/100*15=16406,25 $

8720+16406,25= 25 126,25 $
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