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You borrow $12,600 "to buy a car. The terms of the loan call for monthly payments for" five years at an interest rate of 4.75 percent ear. What is the amount of each p…

You borrow $12,600 "to buy a car. The terms of the loan call for monthly payments for" five years at an interest rate of 4.75 percent ear. What is the amount of each p…
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You borrow $12,600 "to buy a car. The terms of the loan call for monthly payments for" five years at an interest rate of 4.75 percent ear. What is the amount of each payment

User Ignatius Reilly
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1 Answer

1 vote
12000 × 5 = 60,000 / 100 = 600 / 4.75 = 126.315894736842 Each money
User PakitoV
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7.9k points
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