Question

You take out a loan for $478 at an interest rate of 8% compounded annually. What is the

total amount that you will have paid at the end of 4 years?

Answer 1

the total payment will be 91.43 and the total interest pay will be 13.43.

Explanation:

Tbh I dont get what you mean that much, but I think you mean 48 months of payment times the monthly payment, soooo.

13.43x 48= 644.64

644.64 after four years. I really really hope this helps you. Have a good day

Answer 2

650.3

Explanation: