You borrow $12,600 to buy a car.The terms of the loan call for monthly payments for five years at an interest rate of 4.65 percent,compounded monthly.What is the amount of each payment?
A) $253.22
B) $243.73
C) $230.62
D) $235.76
E) $233.04
Correct Answer:
Verified
Q87: Kay owns two annuities that will each
Q88: Donaldson's purchased some property for $1.2 million,paid
Q89: You just won the lottery! As your
Q90: Assume you graduate with $31,300 in student
Q91: Starting today,Alicia is going to contribute $100
Q93: You want to have $20,000 saved in
Q94: You plan to save $2,400 a year
Q95: On the day she retired,Kate had $101,900
Q96: What is the future value of $845
Q97: Your parents plan to give you $200
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents