9514 1404 393
Answer:
$341.75
Step-by-step explanation:
You have not provided the formula, so we'll use one we like:
A = P(r/12)/(1 -(1 +r/12)^(-n)) . . . . principal P, annual rate r, n months
A = $18,000(0.0525/12)/(1 -(1 +0.0525/12)^-60) ≈ $341.75
The monthly payment is about $341.75.
