Register

Tanetta buys a truck for $24,600 with a 4% annual interest rate over 6 years in a loan where interest is compounded monthly. What is true about this loan?

Tanetta buys a truck for $24,600 with a 4% annual interest rate over 6 years in a loan where interest is compounded monthly. What is true about this loan?
139k views
5 votes
Tanetta buys a truck for $24,600 with a 4% annual interest rate over 6 years in a loan where interest is compounded monthly. What is true about this loan?

User ARLabs
by
7.0k points

1 Answer

5 votes

Answer:

$4618.44

Explanation:

User Luc Wollants
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!