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If Brandon waited for 2 years to buy his car and put aside that $263.30 each month to add to his down payment, what would be his monthly payment on a 4-year loan at 12% interest? A.$263.30 B.$96.92 C.$236.
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If Brandon waited for 2 years to buy his car and put aside that $263.30 each month to add to his down payment, what would be his monthly payment on a 4-year loan at 12% interest?

A.$263.30

B.$96.92

C.$236.97

D.$114.51

User Gopinath Perumal
by
7.4k points

1 Answer

2 votes

Answer:

Option B is correct

Explanation:

User Patrick Guimalan
by
8.6k points
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