Question

You purchase a car in the amount of $32,000. You secure a loan for 5 years at a rate of 4.9%. What is your monthly payment?

Answer 1

The other answer is wrong
Even if I don’t know the answer since 4.9% isn’t clear what is used for, is it the monthly interest rate or a yearly interest-rate or a total interest. Let me know what it means so I can answer

Answer 2

do 32,000÷4.9

Explanation:

if you dknt know how to divide message me.