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Taylor 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 he will have to pay back to the bank?
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Taylor 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 he will have to pay back to the bank?

User Zivile
by
7.8k points

1 Answer

4 votes

Answer:

$4867.2

Explanation:

User Guito
by
8.8k points
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