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Suppose you borrow $10,000 from your parents to buy a car. you agree to pay $207.58 per month for 60 months. what is the monthly interest rate?

Suppose you borrow $10,000 from your parents to buy a car. you agree to pay $207.58 per month for 60 months. what is the monthly interest rate?
asked 192k views
5 votes
Suppose you borrow $10,000 from your parents to buy a car. you agree to pay $207.58 per month for 60 months. what is the monthly interest rate?

asked
User Travis Russi
by
8.0k points

1 Answer

5 votes
10000 - 207.58 =8,792.42; totally answer
answered
User Yuvraj
by
8.2k points
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