what is the answer for [1-(1.006875)-360/0.006875]

Suppose a small company takes out a loan of $14,000 at 8.4% interest compound monthly with monthly payments for 10 years

a) how much would the schedule payment on loan be

B0 if the compound decided to pay an extra $50 each month on the payment , how long will it take to pay off loan
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1 Answer

wotz em straenj numbers at the top in big bold letters???

Yu hav werd belo bout borro munee...no konnekt tu the numbrs

borro 14,000$ at 8.4%, 10 yeer, pae eech month...

yu pae 172.83$/month

total pae=20,739.99$ (interest=6,739.99)

#### if pae xtra 50$/month...172.83+50=222.83$/month:

pae off lone in 84 months=7 yeer, tot pae=18,510.29$
by

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