Mary takes out a loan for $5,000 at a simple interest rate of 3.5% to be paid back in 36
monthly installments.
What is the amount of her monthly payments?
Round your answer to the nearest cent if necessary.
+2
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mary takes out a loan for $5,000 at a simple interest rate of 3.5% to be paid back in 36 monthly installments. What is the amount of her ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Mathematics » Mary takes out a loan for $5,000 at a simple interest rate of 3.5% to be paid back in 36 monthly installments. What is the amount of her monthly payments? Round your answer to the nearest cent if necessary.