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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
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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

User Joanwolk
by
6.5k points

1 Answer

8 votes

Answer:

$234.85

Explanation:

Payment Every Month $234.85

Total of 48 Payments $11,272.81

Total Interest $1,272.81

User Yasammez
by
6.6k points
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