Answered You can hire a professional tutor to get the answer.
Equation:m= P(R/N)/1-(1+R/N)-NT I need to find out how to calculate interest on a loan of $9,376.78, 30 month term at a 5% APR. First, find the total...
Equation:m= P(R/N)/1-(1+R/N)-NT
I need to find out how to calculate interest on a loan of $9,376.78, 30 month term at a 5% APR. First, find the total interest you would pay on the loan. Second, find the monthly payments you would pay for the next 30 months.