Answered: A $53,000 loan is taken out on a boat…

A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? OA. $2,022.46 B. $1,685.39 C. $2,191.00 OD. $1,853.92

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...

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Question

Fast pls solve this question correctly in 5 min pls I will give u like for sure Surbh A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? < OA. $2,022.46 OB. $1,685.39 OC. $2,191.00 OD. $1,853.92

A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan?
←
OA. $2,022.46
B. $1,685.39
OC. $2,191.00
D. $1,853.92

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