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? asked in Business & FinanceCredit · 2 months ago

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.?

Help please. 

5 Answers

  • kswck2
    Lv 7
    1 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

  • 28AKO
    Lv 5
    1 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 7
    2 months ago

    move to homework help. dishonest cheater.

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  • RICK
    Lv 7
    2 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

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