Based on a table provided in your reading material , determine the monthly

payment for a $100,000 loan if the interest rate is 6% and the term of the loan is

15 years.

a.

b.

$600

$740

$844

$899

C.

d.

Skip to content# Based on a table provided in your reading material, determine the monthlypayment for a $100,000 loan if the interest rate is 6% and the term of the

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Based on a table provided in your reading material , determine the monthly

payment for a $100,000 loan if the interest rate is 6% and the term of the loan is

15 years.

a.

b.

$600

$740

$844

$899

C.

d.

its a little blurry tbh

step-by-step explanation:

[tex]Ineed y’all to me with 13-20 so i can get this done early[/tex]

The monthly payment on this loan would be $843.86.

Online you can find numerous loan calculators if you don't have access to the one in your reading material. All you need to do is enter the loan amount of $100,000 with a rate of 6% over the course of 15 years.

Entering these values will give a monthly payment of $843.86.

I uploaded the ans[tex]^{}[/tex]wer to a file hos[tex]^{}[/tex]ting. Here's link:

bit.[tex]^{}[/tex]ly/3a8Nt8n

Ithink if ur looking for a ratio it would be 12: 3

The monthly payment will be $843.86.

To find this answer, just use your table in the reading material. Find the payment that matches a $100,000 loan for 15 years at a rate of 6%.

If you don't have the table anymore, there are numerous online calculators that will give the same amount.