asked 224k views
4 votes
Jerold takes out a 60-month loan for $21,500. At a 1% interest rate, what is his monthly payment?

use Amortization formula:

a) $295
b) $315
c) $321
d) $368

1 Answer

4 votes

Answer:

D

Explanation:

answered
User Ahsan Iqbal
by
7.9k points
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