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Your $15,000 car loan is at 1.23% compounded monthly. What will you have paid after three years? PLEASE HELP AND EXPLAIN

Your $15,000 car loan is at 1.23% compounded monthly. What will you have paid after three years? PLEASE HELP AND EXPLAIN
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Your $15,000 car loan is at 1.23% compounded monthly. What will you have paid after three years?

PLEASE HELP AND EXPLAIN

User Dper
by
7.9k points

1 Answer

5 votes

Answer:

I had The same question my tutor said it was around $49,000

Explanation:

User Dresende
by
7.9k points
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