A loan of $2,000 dollars is being paid off over time. You have automatic payments set up to pay $50 towards the loan each month. You also work and save money in your bank account. You currently have $500 in the bank and save an additional $100 per month. What is the earliest you could pay off you loan?

Question

06-02-2021
Mathematics

Answered

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A loan of $2,000 dollars is being paid off over time. You have automatic payments set up to pay $50 towards the loan each month. You also work and save money in your bank account. You currently have $500 in the bank and save an additional $100 per month. What is the earliest you could pay off you loan?

Sagot :

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