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Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?

Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded monthly, how much total will he have paid after 5 years?
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Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded

monthly, how much total will he have paid after 5 years?

asked
User Talon
by
7.6k points

1 Answer

5 votes

Answer: He would have to pay 33,299.42$

Step-by-step explanation:

answered
User Niloo
by
7.9k points
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