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Imagine that you are buying a car and needed a loan for $20,000. Your interest rate is 5% and you want to pay it off in 6 years. What would your monthly payment be?

Imagine that you are buying a car and needed a loan for $20,000. Your interest rate is 5% and you want to pay it off in 6 years. What would your monthly payment be?
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1 vote
Imagine that you are buying a car and needed a loan for $20,000. Your interest rate is 5% and you want to pay it off in 6 years. What would your monthly payment be?

User Omer Farooq
by
8.0k points

1 Answer

1 vote

Answer:

$377.42

Explanation:

User Biruk Abebe
by
8.5k points
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