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skad [1K]
2 years ago
15

Caculate the monthly payment for a 5 year car loan of $23,570 at 10.48% interest, compounded monthly

Mathematics
2 answers:
PilotLPTM [1.2K]2 years ago
8 0
The answer is d hope this helps
Radda [10]2 years ago
3 0

Answer:

D

Step-by-step explanation:

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This is tricky because we are given the interest rate for the year but the problem is figureing the interest for 6 months or 1/2 year. We will have to double the difference before solving for the yearly interest.

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We need to find what percent 25.20 is to our original balance.

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