30.1k views
3 votes
If you make monthly payments of $630 for 6 years, determine the total payment over the lifetime of the loan.​

User Pakman
by
4.2k points

2 Answers

4 votes
$45,360

630x12= $7560
$7560x6= $45,360
User Andrea Bergonzo
by
5.0k points
4 votes

Answer:

$45,360

Explanation:

630 a month= 650×12=7560

$7560 a year × 6 years = $45,360

User Serberuss
by
4.6k points