Suppose that you borrow $10,000 for five years at 7% toward the purchase of a car. Find the monthly payments and the total inter

Question

BabaBlast [244]

3 years ago

15

Suppose that you borrow $10,000 for five years at 7% toward the purchase of a car. Find the monthly payments and the total inter

est for the loan.

Mathematics

1 answer:

vovikov84 [41] · Answer 1 · 2022-01-22T16:04:59+03:00

vovikov84 [41]3 years ago

5 0

The payment would be $198.01 and the total interest would be $1,880.75. Pretty straightforward with a financial calc. I can show you the keystrokes if you want, just message.