Mathematics, 30.11.2021 08:30, mxrvin1350

John has a $10,000, 5-year loan with an APR of 7%. For a $1,000 loan, a monthly payment is $19.80. What is their monthly payment? DOK 1

John has a $10,000, 5-year loan with an APR of 7%. For a $1,000 loan, a monthly payment is $19.80.

What is their monthly payment? DOK 1

-$190.80
-$198.80
-$190.00
-$198.00

Dan bought a $1,550 60" 4K TV on an installment plan. The installment agreement included a 9% down payment and 15 monthly payments of $110.

What is the total amount of the monthly payments?

-$1,650.00
-$1616.50
-$1,550.00
-$1,689.50

Answers: 2

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John has a $10,000, 5-year loan with an APR of 7%. For a $1,000 loan, a monthly payment is $19.80....