Mathematics, 27.02.2021 05:00, inucornspineapple

You decide to purchase a Ferrari 488. The bank agrees to give you $245,000 loan with a 2% simple interest rate for 12 years.
How much will you owe back to the bank?
You have 15 years to payback the loan. How much will your monthly payments?

Answers: 2

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You decide to purchase a Ferrari 488. The bank agrees to give you $245,000 loan with a 2% simple interest rate for 12 years. How much will you owe back to the bank? You have 15 years to payback the loan. How much will your monthly payments?

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Questions in other subjects:

You decide to purchase a Ferrari 488. The bank agrees to give you $245,000 loan with a 2% simple interest rate for 12 years.
How much will you owe back to the bank?
You have 15 years to payback the loan. How much will your monthly payments?