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Liam buys a computer for $1800. He takes out a simple interest loan at 8% for this computer for 3 years. He puts no money down. What will be his monthly payments if he plans on paying it off in 3 years? Round to the nearest cent.

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Patrina Schowalter
Patrina SchowalterLv2
29 May 2020
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Related questions

Please answer both questions please. Thank you

Bernard wants to buy a new condo. The selling price is $428,250.He makes a 20% down payment and finances the remaining balance witha 15 year mortgage. The annual interest rate is 3% and interest iscompounded monthly.

(A) What equal payment should Bernard make at the end of eachmonth in order to pay off his loan at the end of 15 years?

(B) What is the total amount of money (including interest) thatBernard paid for the house after making all 15 years of payments(on time)?

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