A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? OA. $2,022.46 B. $1,685.39 C. $2,191.00 OD. $1,853.92

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Fast pls solve this question correctly in 5 min pls I will give u like for sure Surbh A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? < OA. $2,022.46 OB. $1,685.39 OC. $2,191.00 OD. $1,853.92
A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan?
←
OA. $2,022.46
B. $1,685.39
OC. $2,191.00
D. $1,853.92
Transcribed Image Text:A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? ← OA. $2,022.46 B. $1,685.39 OC. $2,191.00 D. $1,853.92
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