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Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly

Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly
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5 votes
Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly

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User Cmhteixeira
by
7.6k points

2 Answers

3 votes

PMT = 15000 divided by (1-(1+ (0.0449)/(12months))^(-12*5) )/( (0.0449)/(12) )
answered
User Alfie Hanssen
by
8.4k points
4 votes
You will pay $282 monthly I believe.

answered
User Cagcowboy
by
7.8k points
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