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Mercedes takes out a loan for $15,000 at a simple interest rate of 4% to be paid back in 48 monthly installments.

What is the amount of the monthly payments?
Round the answer to the nearest cent if necessary.

A. $328.50

B. $365.00

C. $360.00

D. $362.50

Respuesta :

answer: none of these? $338.69

explanation:

https://calculator.me/loan/s?prin=15000&ir=4&term=48&termtype=12&freq=12&pp=0&dp=0&dptype=1&tradein=0&stax=0&fstax=1&appfee=0&fappfee=1&od=13&om=9&oy=2021

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