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Kevin gets an auto loan of $12,000 at 8% annual interest. The terms of his loan state that he has to pay $292.96 each month for 4 years. How much total interest will he have to …

Kevin gets an auto loan of $12,000 at 8% annual interest. The terms of his loan state that he has to pay $292.96 each month for 4 years. How much total interest will he have to …
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Kevin gets an auto loan of $12,000 at 8% annual interest. The terms of his loan state that he has to pay $292.96 each month for 4 years. How much total interest will he have to pay?

User Arnaud Tournier
by
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1 Answer

3 votes
Do $12,000(1+.08/12)^4
User Nachti
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