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What would a monthly payment be on a purchase of a $14,000 car at 3.9% for 5 years?
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3 votes
What would a monthly payment be on a purchase of a $14,000 car at 3.9% for 5 years?

User Ali Tarhini
by
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2 Answers

2 votes
$14000 x 103.9% = $14546

It said 5 years, so each year = 12 months

12 x 5 = 60 installments

14546/60 = $242.43

Hope this helps.
User Nicolas Braun
by
5.5k points
6 votes

Answer:

the right APEX answer is $257.20

User Biotox
by
6.6k points
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