repayment on bank loans is calculated as equal monthly payments over three years at a simple interest of 8% of the starting loan. the starting loan is \$15780.00 what is the monthly payment?
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Updated 52 days ago|10/18/2023 6:28:11 PM
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User: repayment on bank loans is calculated as equal monthly payments over three years at a simple interest of 8% of the starting loan. the starting loan is \$15780.00 what is the monthly payment?

Weegy:

Question
Updated 52 days ago|10/18/2023 6:28:11 PM
This conversation has been flagged as incorrect.
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Solution:
Monthly Payment= {15780 + (15780 × 0.08 × 3)}/{3 × 12}
Monthly Payment = 562.80.

The monthly payment is approximately \$562.80.
Added 52 days ago|10/18/2023 6:28:11 PM

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