purselady1970 purselady1970

06-11-2020
Mathematics

contestada

Raia purchases a new car for $32,000 and
finances it with a 6-year simple interest
loan at a rate of 4.25%. What are Raia’s
monthly car payments?

Respuesta :

lukasmana72 lukasmana72

06-11-2020

32,000 (Price of Car) x 4.25% (Interest) = 1,360 Divided 72 months (6 year interest) = $463.33/Month

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