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You purchase a car in the amount of $32,000. You secure a loan for 5 years at a rate of 4.9%. What is your monthly payment?

You purchase a car in the amount of $32,000. You secure a loan for 5 years at a rate of 4.9%. What is your monthly payment?
asked 54.8k views
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You purchase a car in the amount of $32,000. You secure a loan for 5 years at a rate of 4.9%. What is your monthly payment?

asked
User OcuS
by
7.7k points

2 Answers

3 votes
The other answer is wrong
Even if I don’t know the answer since 4.9% isn’t clear what is used for, is it the monthly interest rate or a yearly interest-rate or a total interest. Let me know what it means so I can answer
answered
User Denwehrle
by
7.4k points
3 votes

Answer:

do 32,000÷4.9

Explanation:

if you dknt know how to divide message me.

answered
User Stewart Evans
by
8.7k points
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