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A bank requires a monthly $126.50 on a $4,250.00 loan. What's, the monthly payment on a $10,000.00 loan. Round to the nearest cent.?
- kswck2Lv 71 month ago
Ask the bank, since interest rates change Daily.
- 1 month ago
Less than 2.5x current loan payment. If interest rates are the same and no additional costs/fees.
10,000 / 4,000 = 2.5
125 x 2.5 = 312.50
- 28AKOLv 51 month ago
We can't actually tell you that. It all depends on your interest rate and loan terms of installed payments for how many years you agreed to pay. Your bank will tell you all this and answer any of your questions if you ask them
- ?Lv 72 months ago
move to homework help. dishonest cheater.
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- RICKLv 72 months ago
Depends on the term of the loan aka interest rate and length
However if interest and length is the same its $297.65