Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A =

Question

3 years ago

13

MN, where A is the total amount paid, M is the monthly payment, and N is the number of payments.

1 answer:

podryga [215] · Answer 1 · 2022-08-27T07:10:42+03:00

8 0

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Answer:

$9072

Step-by-step explanation:

Put the given numbers in the given formula and do the arithmetic.

A = MN . . . . . . M = payment = $189. N = number of payments = 48.

A = $189 × 48 = $9072

The total amount paid is $9072.