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