Answer:
$3073.80
Step-by-step explanation:
A suitable calculator can tell you the loan payment will be $526.23 monthly. The same calculator can also tell you the total of 60 payments exceeds the loan amount by $3073.80.
Step-by-step explanation:
When you use the distributive property, you multiply everything inside the parentheses by the number outside of the parentheses. When you distribute, the equation becomes 5x+20=60 vs 5x+4= 60. Hope this helps!