contestada

Eugene took out a loan for $1075 at a 12.6% APR, compounded monthly, to
buy a treadmill. If he will make monthly payments of $87.25 to pay off the
loan, how many total payments will he have to make?

Respuesta :

corin10121

Answer:

approximately 12 payments.

Step-by-step explanation:

you can pay off the loan in a year by multiplying 87.25 and 12. this will give you 1047, which is about 28$ off. then after that year, you can pay off the $28 whenever you finish with the 87.25

teenagedirtbag679

Answer: 14

Step-by-step explanation: Apex