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anonymous
 one year ago
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.
anonymous
 one year ago
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.

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ok, do u have a calculator near by ?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0now what you do here is .... Divide the amount of dollars (75000) and the annual rate (5) 75000/5% what do u get?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0ok give me a min to look over this and I will get bk to you!

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0np and what I have done is , 1,500,000 divided by 30 yrs and got 0.05 which is the same as 5% , get it ? do u have a list of options or is this a question without?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0hope im not confusing you .. can u explain yor part of what you think the answer is (if you know )

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0there isnt a list of options. I'm not really sure how to do the problem

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0i think your option should be 1,500,000 cause remember when u divided 75000 with 5% and you got 1,500,000 then i divided it by the 30 yrs and got 0.05 , which is the same as 5% so 1,5000,000 , is ur answer , hoped i helped!

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0did i help , and did you u nderstand ? can u medal please and thank you!

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0your welcome! medal??
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