Ask Question
14 June, 01:57

Trey is taking a loan for $85,000. It is a 20-year loan with an APR of 5.85%. What will his monthly payment be?

+3
Answers (1)
  1. 14 June, 03:01
    0
    85,000: ((1 - (1+0.0585:12) ^ (-12*20)) : (0.0585:12)) = 601.63
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Trey is taking a loan for $85,000. It is a 20-year loan with an APR of 5.85%. What will his monthly payment be? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers