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Eldon has taken out a loan for $24,750 to buy a truck for his business. The term is 5 years and the monthly payments are $449.14 each. a.) How much will Eldon have to pay back i…

Eldon has taken out a loan for $24,750 to buy a truck for his business. The term is 5 years and the monthly payments are $449.14 each. a.) How much will Eldon have to pay back i…
145k views
8 votes
Eldon has taken out a loan for $24,750 to buy a truck for his business. The term is 5 years and the monthly payments are $449.14 each.

a.) How much will Eldon have to pay back in total?

b.) How much interest will he pay?

User Maztch
by
8.1k points

1 Answer

6 votes

Answer:

234

Explanation:

User Gokay
by
8.9k points
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