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Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?
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33 votes
33 votes
Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded

monthly, how much total will he have paid after 5 years?

User Chris Magnuson
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1 Answer

22 votes
22 votes

Answer: He would have to pay 33,299.42$

Step-by-step explanation:

User Pritam Kadam
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3.1k points
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