Question

3. If you took out a car loan for $22,000, with a rate of 2% compounded semi-annually over

5 years, how much are you going to owe at the end if you never pay a monthly payment.
a. $57,062.33
b. $24,301.69
C. $24,289.78
d. $24,307.70

Answer 1

The answer: C. 24,289.78
Hope this helps

Answer 2

c.

Explanation:

it's been a while since I've done this but I'm about 90% sure