Question

Suppose that you borrow $10,000 for four years at 6% toward the purchase of a car. Use PMT=

interest for the loan
The monthly payment is $
(Do not round until the final answer. Then round to the nearest cent as needed)
CA
to find the monthly payments and the total

Answer 1

$234.85

Explanation:

Payment Every Month $234.85

Total of 48 Payments $11,272.81

Total Interest $1,272.81