Donna manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Donna also overs
2 answers:
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Answer:
Therefore I can borrow $19646.12 from E-Loan.
The interest I will pay for the loan is $1,857.88.
Explanation:
The formula of present value is
PMT = The monthly payment = $448
i= Rate of interest per period
n = The number of month = 48 months
Therefore
≈$19646.12
Therefore I can borrow $19646.12 from E-Loan.
The interest = Paid amount - Loan amount
=$[(448×48)-19646.12]
=$1,857.88
The interest I will pay for the loan is $1,857.88.