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You were offered a loan of $8,450 with an APR of 9.3%. The term for the loan is 5 years. Determine how much your monthly car payment will be.

You were offered a loan of $8,450 with an APR of 9.3%. The term for the loan is 5 years. Determine how much your monthly car payment will be.
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19 votes
You were offered a loan of $8,450 with an APR of 9.3%. The term for the loan is 5 years. Determine how much your monthly car payment will be.

asked
User Sameer Ingavale
by
8.3k points

1 Answer

9 votes
I believe that it would be 8,435.7 if it is subtract
answered
User Maarten Hartman
by
8.7k points
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