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Ms.love is borrowing 27,000 to buy a new car if she borrows the money at 4.15% interest compounded annually for 5 years, how much interest will she pay in her car loan?
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Ms.love is borrowing 27,000 to buy a new car if she borrows the money at 4.15% interest compounded annually for 5 years, how much interest will she pay in her car loan?

User PermaNoob
by
8.3k points

1 Answer

6 votes

Answer:

5602.5or 5603

Explanation:

using this formula

Ms.love is borrowing 27,000 to buy a new car if she borrows the money at 4.15% interest-example-1
User Lfk
by
7.7k points
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