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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asked Jun 21, 2021 24.3k views

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?

Mathematics
middle-school

Omer Farooq asked

by Omer Farooq

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1 Answer

1 vote

Answer:

$377.42

Explanation:

Biruk Abebe answered Jun 28, 2021

by Biruk Abebe

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