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SOMEONE PLEASE HELP ME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 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.
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SOMEONE PLEASE HELP ME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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?

$384

$960

$1171.84

$2062.08

User Drlue
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7.8k points

1 Answer

5 votes
loan is the 12,000 at 8% annual
292.96 each month for 4yrs
292.96*48months=14,062.08-12,000=2062.08
User NPcomp
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7.2k points
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