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Onda took out a $7,500 loan with an APR of 3.875% and agreed to pay it back monthly over 6 years. How many monthly payments did she make?

Onda took out a $7,500 loan with an APR of 3.875% and agreed to pay it back monthly over 6 years. How many monthly payments did she make?
asked 153k views
5 votes
Onda took out a $7,500 loan with an APR of 3.875% and agreed to pay it

back monthly over 6 years. How many monthly payments did she make?

asked
User Jignesh Mayani
by
7.4k points

1 Answer

2 votes

Answer:

72

Explanation:

There are 12 months in each year, so 6×12 = 72 months in 6 years.

answered
User Jdgower
by
8.1k points
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