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18 October, 12:42

If I owe $9,985 and plan to pay it in 8 years. How much are my monthly payments

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Answers (2)
  1. 18 October, 13:03
    0
    8 yrs = 96 mnths

    So just do 9985/96

    around $104.01
  2. 18 October, 15:12
    0
    Assuming there is no interest you need to find how many months in 8 years. You would multiple 8*12=96. You now need to divide 9985/96=104.01.

    To pay off your loan of $9985 in 8 years your monthly payments will be $104.01
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