jayariniy3 jayariniy3
  • 16-02-2020
  • Mathematics
contestada

John takes out a loan for
$
12
,
000
at a simple interest rate of
4.5
%
to be paid back in
36
monthly installments

Respuesta :

OrhanTurkeli OrhanTurkeli
  • 16-02-2020

Step-by-step explanation:

36 months > 1.14³

12000*1.14*1.14*1.14 = 12000*1.14³ = 17,778.528$

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