You borrow $1300 to buy a telescope. what is the monthly payment? a picture shows a telescope with a note. the note reads, “11.8 percent simple interest equal monthly payments for 2 years.”
You Borrow $1300 To Buy A Telescope. What Is The Monthly Payment? A Picture Shows A Telescope With A Note. The Note Reads, “11.8 Percent Simple Interest Equal Monthly Payments For 2 Years.”
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You Borrow $1300 To Buy A Telescope. What Is The Monthly Payment? A Picture Shows A Telescope With A Note. The Note Reads, “11.8 Percent Simple Interest Equal Monthly Payments For 2 Years.”. If you borrow $1200 at a 5% annual interest rate, how long will it take for the total amount owed to reach $1300? Use this loan calculator to determine your monthly payment, interest rate, number of months or principal amount on a loan.
[FREE] You borrow 1300 to buy a telescope. What is the monthly payment from brainly.com
What is the calculation used to determine the estimated monthly interest amount a borrow will pay on a loan? Gain access to this solution and our full library. Use this loan calculator to determine your monthly payment, interest rate, number of months or principal amount on a loan.
Use This Loan Calculator To Determine Your Monthly Payment, Interest Rate, Number Of Months Or Principal Amount On A Loan.
Alternatively, our loan calculator will give you a complete amortization schedule. Find your ideal payment by changing loan amount,. To calculate the monthly payment for borrowing $1300 with an annual simple interest rate of 11.8% over 2 years (24 months), we can use the following steps:
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If you borrow $1200 at a 5% annual interest rate, how long will it take for the total amount owed to reach $1300? What is the calculation used to determine the estimated monthly interest amount a borrow will pay on a loan? Interest is the cost you pay to borrow money or the compensation you receive for lending money.
How Much Is Each Payment?
You are asked to fi nd the monthly. The simple loan calculator will show an estimate of your monthly payments with a few pieces of information. Bob and mary are financing.
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You are given the amount and simple annual interest rate of a loan that you pay back in 2 years. The correct monthly payment for borrowing $1300 to buy a telescope at 11.8% simple interest, with equal monthly payments over 2 years, is approximately $61.77.