asked 18.0k views
2 votes
You take out a loan to buy a used 2014 toyota camry for $18,459. Your loan is a simple interest loan with an interest rate of 3.95% for 48 months. how much will you pay for the car in the end? what will your monthly payments be?

I NEED THIS ANSWER NOW PLEASE HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

asked
User MistyD
by
8.1k points

1 Answer

4 votes
The answer is $34,998.26 Your monthly payments will be $729.13, this times 48 equals $34,998.26
answered
User Jthill
by
8.1k points
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