contestada

You want to buy a $ 16,249 car. The company is offering a 3.7 % interest rate for 61 months . What will your monthly payments be?$__________ (Round to 2 decimal places if necessary)

Respuesta :

Hello! To solve this exercise, we have to use the formula below:

Compound Interest:

[tex]A=P(1+\frac{r}{100})^t[/tex]

Let's replace with the values:

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