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    dutchess69's Avatar
    dutchess69 Posts: 1, Reputation: 1
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    #1

    Jun 13, 2012, 02:59 PM
    Math Answers to All Problems for Free
    Loan for 1500 dollars at 3% interest for 18 months how much will you pay back
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
     
    #2

    Jun 13, 2012, 03:00 PM
    Nowt, because there's no legal loan agreement.
    Although if you can show me the working we'll see what happens..
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Jun 14, 2012, 06:11 AM
    Dutchess - the answer will depend on how many payment periods there are. If the loan is paid in equal monthly installments there will be 18 payments, and the interest charged for each period is 3%/18.

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