Trey is taking out a loan for $85000. it is a 20-year loan with an apr of 5.85% what will his monthly payment be?

$768.54 (Approximate)

Step-by-step explanation:

Trey is taking out a loan for $85000. It is a 20-year loan with an APR of 5.85%.

Therefore, if we consider the interest rate is simple interest, then using the simple interest formula, the sum will become after 20 years

dollars.

Therefore, the monthly payment for the loan will be dollars. (Answer)

$650 per month plus utilities

step-by-step explanation:

just based on the info you gave, it would seem more cost effective to rent at $650 per month plus utilities.   if utilities are, in fact, $150 per month, your monthly living costs would be $800 as opposed to the other option of $825.