James borrows 75000 dollars from a bank that charges interest at an annual rate of 5 percent, compounded monthly.
Calculate the monthly payment that James would have to make in order for the loan to be paid off after exactly 30 years.

Hey! We 've verified this expert answer for you, click below to unlock the details :)

I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!

ok, do u have a calculator near by ?

yes i do

ok bring that out

Looking for something else?

Not the answer you are looking for? Search for more explanations.

## More answers

Looking for something else?

Not the answer you are looking for? Search for more explanations.