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John takes out a personal loan for $5,000 at an annual interest rate 7.5%, compounded monthly. He plans to pay off the loan (including interest) in 3 years.

John takes out a personal loan for $5,000 at an annual interest rate 7.5%, compounded monthly. He plans to pay off the loan (including interest) in 3 years.
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2 votes
John takes out a personal loan for $5,000 at an annual interest rate 7.5%, compounded monthly. He plans to pay off the loan (including interest) in 3 years.

asked
User RizJa
by
7.9k points

1 Answer

1 vote

Answer:

155.53

Explanation:

I know where this question is from hahaha

answered
User Laquanna
by
8.0k points
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