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anonymous

  • one year ago

please help me out!!!! Rahm took out a 25-year loan for $155,000 at an APR of 4.8%, compounded monthly, and he is making monthly payments of $888.15. What will his balance be with 17 years left on the loan? A. $70,684.52 B. $150,292.70 C. $152,824.56 D. $123,692.61

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  1. perl
    • one year ago
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    can i give you a calculator that can solve this

  2. anonymous
    • one year ago
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    if you dont mind please!!

  3. perl
    • one year ago
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    if he has 17 years left, that means he has paid for 8 years. 8 * 12 = 96 months have been paid

  4. perl
    • one year ago
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    http://prntscr.com/7a4osa

  5. perl
    • one year ago
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    i made a mistake in the calculator check again http://prntscr.com/7a4osa

  6. anonymous
    • one year ago
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    it sucks because i cant open it while i am in school so ill probably open it at home! but again thank you so much!!

  7. anonymous
    • one year ago
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    alright thank you once again!

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spraguer (Moderator)
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