Savannah took out a 5-year loan for $6500 at a furniture store to be paid back with monthly payments at a 17.3% APR. If the loan offers no payments for the first 21 months, how many payments will Savannah be required to make?

A. 81

B. 21

C. 60

D. 39

Question

Matthias

16 May, 20:09

+1

Answers (1)

Know the Answer?

Miley Collier · Answer 1

Since they offer no loans for the first 21 months, cancel out C

A

B

D

are still somewhat possible

D is the answer

Savannah took out a 5-year loan for $6500 at a furniture store to be paid back with monthly payments at a 17.3% APR. If the loan offers no payments for the first 21 months, how many payments will Savannah be required to make?A. 81B. 21C. 60D. 39