Asked by Libby

If you take out an $8,400 car loan that calls for 36 monthly payments starting after 1 month at an APR of 9%, what is your monthly payment?
Answered by Ms. Sue
I = Prt
I = 8,400 * 0.09 * 3 = 2268

(2,268 + 8,400)/36 = ?

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