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If you make monthly payments of $630 for 6 years, determine the total payment over the lifetime of the loan.​

If you make monthly payments of $630 for 6 years, determine the total payment over the lifetime of the loan.​
asked 30.1k views
3 votes
If you make monthly payments of $630 for 6 years, determine the total payment over the lifetime of the loan.​

asked
User Pakman
by
7.9k points

2 Answers

4 votes
$45,360

630x12= $7560
$7560x6= $45,360
answered
User Andrea Bergonzo
by
8.8k points
4 votes

Answer:

$45,360

Explanation:

630 a month= 650×12=7560

$7560 a year × 6 years = $45,360

answered
User Serberuss
by
7.9k points
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