3 years ago

Kevin gets and auto loan of $12,000 at 8% annual interest. The terms of his loan state that he has to pay 292.96 each month for

4 years. How much total interest will he have to pay?
A. $384
B. $960
C. $1171.84
D. $2062.08

Mathematics

1 answer:

kicyunya [14]3 years ago

3 0

$292.96 \times 48 = 14062.08 - 12000 = 2062.08$

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