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10) Ryan plans to borrow $4,500 from the bank to purchase a used vehicle. If he borrows the money at a rate of 4% interest for 2 years, what is the total amount be will have to pay back to the bank?
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3 votes
10) Ryan plans to borrow $4,500 from the bank to

purchase a used vehicle. If he borrows the money
at a rate of 4% interest for 2 years, what is the
total amount be will have to pay back to the bank?

User Annon
by
6.4k points

1 Answer

9 votes

Ryan will have to make a monthly payment of $195.41

User Johannes Setiabudi
by
5.5k points
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