The O'Brien Company purchased a new building for $185,500. After a down payment of $38,800, the balance was paid in equal monthly payments, with no interest.
A)If the loan was paid off in 3 years, how much were the monthly payments?
B)If the loan was paid off in 5 years, how much less were the monthly payments?

Question

Quizplus · Accepted Answer

The Answer of The O'Brien Company purchased a new building for $185,500. After a down payment of $38,800, the balance was paid in equal monthly payments, with no interest.
A)If the loan was paid off in 3 years, how much were the monthly payments?
B)If the loan was paid off in 5 years, how much less were the monthly payments?

The O'Brien Company Purchased a New Building for $185,500