Mathematics, 04.03.2022 05:50 spiritcampbell56

5) Ally is buying a speed boat for $10,000 with a down payment of $2,500. The bank approved a simple interest flat rate loan for 5 years at 7% APR. How much are the monthly loan payments? (round to the nearest cent)
A) $157.50
B) $168.75
C$180.00
D) $191.25

Answers: 2

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5) Ally is buying a speed boat for $10,000 with a down payment of $2,500. The bank approved a simple...

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More questions: Mathematics Another questions

5) Ally is buying a speed boat for $10,000 with a down payment of $2,500. The bank approved a simple interest flat rate loan for 5 years at 7% APR. How much are the monthly loan payments? (round to the nearest cent) A) $157.50 B) $168.75 C$180.00 D) $191.25

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Another question on Mathematics

5) Ally is buying a speed boat for $10,000 with a down payment of $2,500. The bank approved a simple interest flat rate loan for 5 years at 7% APR. How much are the monthly loan payments? (round to the nearest cent)
A) $157.50
B) $168.75
C$180.00
D) $191.25