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Cash advance with compound interest of 22% per annum over 3 years which compounds monthly

 

principal amount is $13939.43

 Oct 10, 2015

Best Answer 

 #1
avatar+130544 
+5

13939.43 ( 1 + .22/12)36   =  $ 26809.18

 

 

cool cool cool

 Oct 10, 2015
 #1
avatar+130544 
+5
Best Answer

13939.43 ( 1 + .22/12)36   =  $ 26809.18

 

 

cool cool cool

CPhill Oct 10, 2015
 #2
avatar
+5

So, what would you like calculated? The monthly payment, its FV?

 

1-If you want the monthly then it is:$532.35

2-If you want the FV then it is:$26,809.18

 Oct 10, 2015

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