asked 104k views
4 votes
You're buying a new car and the bank says they'll loan you the required balance of the $30,000 price if you'll put down $3,000. payments will be for 60 months, and the bank's rate of interest on car loans is 9%. how much will your monthly payment be?

asked
User Kelsi
by
8.2k points

1 Answer

1 vote

the monthly payment will be $560.00 per month

answered
User Victor Powell
by
8.5k points
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