Register
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?
206k views
0 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 Talon
by
6.1k points

1 Answer

5 votes

Answer: He would have to pay 33,299.42$

Step-by-step explanation:

User Niloo
by
6.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.6m answers

Other Questions

In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Identify the advantages and disadvantages of a command economy.
How can life expectancy and literacy rates affect the quality of labor in the economy?
What was a major result of Henry Ford's innovative manufacturing technique?
Link Copied!