Micah buys a new car for $15,000. She makes a down payment of $1,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 8.2%. If she takes out a 5-year loan, what will Micah’s monthly payments be? (Round to the nearest cent.)
Micah buys a
new car for $15,000. She makes a down payment of $1,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 8.2%. If she takes out a 5-year loan, what will Micah’s monthly payments be?
(Round to the nearest cent.)
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
