adriana012 adriana012
  • 02-04-2018
  • Mathematics
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Ellis Klein borrows $2,000 at an annual interest rate of 7.2% for two years. Calculate his monthly payments. M=Pm(1+m)na(1+m)na−1

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philipscaster83
philipscaster83 philipscaster83
  • 02-04-2018
M=2,000÷((1−(1+0.072÷12)^(−12
×2))÷(0.072÷12))
M=89.73
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