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Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A = MN, where A is the total amount paid, M is the m…

Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A = MN, where A is the total amount paid, M is the m…
asked 83.9k views
3 votes
Find the total amount paid on a loan when the monthly payment is $189 and the loan is paid off in 48 months. Use the formula A = MN, where A is the total amount paid, M is the monthly payment, and N is the number of payments.

asked
User Thangakumar D
by
8.3k points

1 Answer

4 votes

Answer:

Explanation:

M=189

N = 48

A = M*N

A = 189 * 48

A = 9072

answered
User Adir Kandel
by
9.0k points
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