Ask Question
13 August, 15:19

If you were to borrow $8,000 over five years at 0.11 compounded monthly, what would be your monthly payment?

+5
Answers (1)
  1. 13 August, 17:43
    0
    8000 divide by 5 = 1600

    0.11x8000=880

    1600+880

    2480
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If you were to borrow $8,000 over five years at 0.11 compounded monthly, what would be your monthly payment? ...” 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.
Search for Other Answers