Friday, December 16, 2011

Consumer Math Homework Help!!!?

All you have to do is look at the tables in the back of your Math Text. Find the multiplier for 5 years (60 mos)at 8%. Then multiply that by the Installment Loan Principal. Be sure you are arriving at a "monthly" amount. The problem is asking for the "monthly payment." (Don't forget to divide by 12 if needed.)

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