Results 1 to 2 of 2

Thread: Monthly payment.

  1. #1
    Junior Member
    Joined
    Jun 2009
    Posts
    35

    Monthly payment.

    You borrowed $18,000 for renovating your flat. The loan term is 4 years at 11% interest. What is your monthly repayment?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Banned
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,184
    Thanks
    80
    How is the interest compounded?

    Compound Interest
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Replies: 2
    Last Post: Oct 4th 2010, 07:11 PM
  2. Compounded Monthly
    Posted in the Business Math Forum
    Replies: 1
    Last Post: Dec 13th 2009, 07:31 AM
  3. Monthly payment amount
    Posted in the Business Math Forum
    Replies: 3
    Last Post: Jun 16th 2007, 05:33 PM
  4. monthly payment.
    Posted in the Business Math Forum
    Replies: 1
    Last Post: Apr 22nd 2007, 08:52 AM
  5. Replies: 0
    Last Post: Feb 7th 2007, 06:27 AM

Search Tags


/mathhelpforum @mathhelpforum