You are looking at purchasing a new car. The contract on the offer includes an interest rate of 5% and purchase price of $ 30,000. You can see that the annual blended payments are $ 5,184.60 but you are unable to read the term as there's a mark on the contract.
Instructions
Determine how many years will it take you to pay off this car loan.

Question

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The Answer of You are looking at purchasing a new car. The contract on the offer includes an interest rate of 5% and purchase price of $ 30,000. You can see that the annual blended payments are $ 5,184.60 but you are unable to read the term as there's a mark on the contract.
Instructions
Determine how many years will it take you to pay off this car loan.

You Are Looking at Purchasing a New Car