Asked by MathHelp

a) How much will the monthly payment on a five yr car loan that changes 8.1% interest (compounded monthly) if the amount borrowed is $12,000? b) How much total interest will be paid over the life of the loan

for A i think it's 300?
Answered by Steve
Most loans don't charge compound interest. You sure this is right?
Answered by Steve
I am wrong . I am a monkey . you;re right
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