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You want to buy a $24,000 car. the company is offering 3% interest rate for 48 months (4 years). what will your monthly payments be?

You want to buy a $24,000 car. the company is offering 3% interest rate for 48 months (4 years). what will your monthly payments be?
asked 151k views
1 vote
you want to buy a $24,000 car. the company is offering 3% interest rate for 48 months (4 years). what will your monthly payments be?

asked
User Joeforker
by
8.2k points

1 Answer

2 votes
515
24000×.03=720
720+24000=24720
24720÷48=515
answered
User Subhrajyoti Das
by
8.0k points
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