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Find Charlie monthly payment

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Question - To help pay for art school, Charlie borrowed money from an online lending company. He took out a personal, amortized loan for $58,000, at an interest rate of 5.7%, with monthly payments for a term of 15 years.

Required -

(a) Find Charlie's monthly payment.

(b) If Charlie pays the monthly payment each month for the full term, find his total amount to repay the loan.

(c) If Charlie pays the monthly payment each month for the full term, find the total amount of interest he will pay?

Reference no: EM133046682

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