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

Question

02-03-2022
Mathematics

Answered

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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 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

Sagot :

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