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?

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asked Oct 11, 2022 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?

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ARLabs asked

by ARLabs

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5 votes

Answer:

$4618.44

Explanation:

Luc Wollants answered Oct 16, 2022

by Luc Wollants

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