Loan
Apply for a $ 15000 loan, the loan repayment period is 6 years, and the interest rate 2.8%.
How much should I pay monthly (or yearly if paid yearly)?
An example is for practice geometric progression and/or periodic payment for an annuity.
How much should I pay monthly (or yearly if paid yearly)?
An example is for practice geometric progression and/or periodic payment for an annuity.
Correct answer:
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You need to know the following knowledge to solve this word math problem:
- algebra
- geometric progression
- arithmetic
- multiplication
- exponentiation
- basic functions
- exponential function
Units of physical quantities:
Grade of the word problem:
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