8. A $25,000 loan has a yearly 3.2% interest applied to it monthly. The loan is being paid off with monthly payments of $200 per month. How much is still owed on the loan after one month of interest...

8. A $25,000 loan has a yearly 3.2% interest applied to it monthly. The loan is being paid off with monthly<br>payments of $200 per month. How much is still owed on the loan after one month of interest and payment has<br>been applied?<br>(1) $24,748.33<br>(3) $24,890.04<br>(2) $24,866.67<br>(4) $25,600.00<br>

Extracted text: 8. A $25,000 loan has a yearly 3.2% interest applied to it monthly. The loan is being paid off with monthly payments of $200 per month. How much is still owed on the loan after one month of interest and payment has been applied? (1) $24,748.33 (3) $24,890.04 (2) $24,866.67 (4) $25,600.00

Jun 10, 2022

SOLUTION.PDF

8. A $25,000 loan has a yearly 3.2% interest applied to it monthly. The loan is being paid off with monthly payments of $200 per month. How much is still owed on the loan after one month of interest...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment