Question

5 The Young family is replacing their central air-conditioning with a high- efficiency unit that costs $11798. The family is offered a 48-month loan without interest. If the family is not able to pay back the full amount in 48 months, they will be charged 8% interest on the purchase amount. How much money in total will the young family pay if they take longer than 48 months? (Think: 48 months is 4 years.)​

Answer 1

Answer:

12742.84$

Step-by-step explanation:

11798 (the price) + 11796 x 0.08 (8% interest)=12742.84