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29 November, 13:05

What is the total payment for an $8,720 loan at 12.5 percent for 15 years?

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  1. 29 November, 22:46
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    The total payment in what of that in simple interest will be solved by multiplying all three numbers and then the answer you get, add it to the principle.

    16350+8720=$25070. 00 as your total payment.
  2. 30 November, 02:45
    0
    8720*12,5/100*15=16406,25 $

    8720+16406,25 = 25 126,25 $
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