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Do you want to buy a $30,000 car the company is offering a 5% interest rate for 48 months what will your monthly payments be

Do you want to buy a $30,000 car the company is offering a 5% interest rate for 48 months what will your monthly payments be
asked 72.4k views
1 vote
do you want to buy a $30,000 car the company is offering a 5% interest rate for 48 months what will your monthly payments be

asked
User Bart C
by
8.2k points

1 Answer

5 votes

Answer: 656.25

Explanation:

30000 times 1.05 (aka 5%) = 31500

31500/48 = 656.26

answered
User Cartbeforehorse
by
7.3k points
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