J janae New member May 5, 2010 #1 Given a note for $1,000, with 24 equal monthly payments, and a 7.5% true annual interest rate charged, what is the principal plus interest payment? (2)(12)(total amount of interest charges) / (the product of the amount financed)(25)
Given a note for $1,000, with 24 equal monthly payments, and a 7.5% true annual interest rate charged, what is the principal plus interest payment? (2)(12)(total amount of interest charges) / (the product of the amount financed)(25)