Find the monthly payment and estimate the remaining balance. Assume interest is on the upaid balance. 3 year computer loan for $3285 at 6.6%, remaining balance after 2 years. The monthly payment is $ (Round to the nearest cent as needed.) The remaining balance is $ (Round to the nearest dollar as needed.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
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Find the monthly payment and estimate the remaining balance. Assume interest is on the upaid balance.

3 year computer loan for $3285 at 6.6%, remaining balance after 2 years.

 

The monthly payment is $      (Round to the nearest cent as needed.)

The remaining balance is $    (Round to the nearest dollar as needed.)

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