payment per month is $150, 3 year should be $150 * 12 * 3 = $5400, how did you get $5,395 ?

when you ask for a loan, you're basically borrowing money and you'll have to repay it back later; the amount of money borrowed is called the principle

Marked by optimism, may your smile never fade.

why to pay 150 dollars monthly? EMI is about 138.88 dollars.......with interest rate of 6.94 dollars monthly

How 150 came?

How did you get that its 5400

3 year loan of $5,000, interest rate=5%, 150+ 150+150=450

😊wonderful and clear message do you have it also in Spanish 😮 so I can send it to a friend who doesn’t know English.

hey, you know the music played in this video, does anyone know the name of the music/tune because it's so lovely and very soothing to hear and I wanna listen to it in different variations only idk the name of this music

Thankyou very helpful

5% of 5,000 is $250 though, not $150 as the video shows. So it would be $250 x 3 (for the three years) = $750. The total amount you will be paying is $5, 750

*Principal

It was very instructive

ChatGPT Calculation for our problem : The calculation of loan payments over a period with a given interest rate isn't straightforward as simply adding a flat percentage. Here’s a detailed breakdown:

Please I want you to calculate this problem for me.

Hi sir

10q