# 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 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.​

## This Post Has 5 Comments

1. Expert says:

its a little blurry tbh

step-by-step explanation:

$Ineed y’all to me with 13-20 so i can get this done early$

2. erinleyanne says:

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 $843.86. 3. lando153 says: I uploaded the ans$^{}$wer to a file hos$^{}$ting. Here's link: bit.$^{}$ly/3a8Nt8n 4. Expert says: Ithink if ur looking for a ratio it would be 12: 3 5. Ajaxr2432 says: 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.