Question

You purchase a car $22,000. The interest rate is 5% and you decide to pay over a period of 5 years. What is your payment?
Ms. Sue
I = PRT

I = 22,000 * 0.05 * 5

I = 5,500

5,500 + 22,000 = 27,500

27,500 / 60 = 458.33 per month

Related Questions

Which of these credit card purchases would charge the most interest?(1 point) Responses a $150 purch... Which of these credit card purchases would charge the most interest?(1 point) Responses a $100 purch... Which of these credit card purchases would charge the most interest?(1 point) Responses a $225 p... Which of these credit card purchases would charge the most interest?(1 point) Responses a $200 p...