Question

Karen took a loan out for $12,500 for a used car with an annual interest

rate of 8%. If she plans to have the loan for 48 months, how much will

she have to pay back to the loan company?

Answer 1

Annual rate of 8% per what. I cannot answer without knowing if it’s per year, per month, of per day, the answer would vary.

Answer 2

32.5520833

Explanation:

I think