A car loan of $31,633.83 is to be repaid with end-of-month payments of $585.81. If interest is 4% compounded monthly, ho

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A car loan of $31,633.83 is to be repaid with end-of-month payments of $585.81. If interest is 4% compounded monthly, ho

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A Car Loan Of 31 633 83 Is To Be Repaid With End Of Month Payments Of 585 81 If Interest Is 4 Compounded Monthly Ho 1
A Car Loan Of 31 633 83 Is To Be Repaid With End Of Month Payments Of 585 81 If Interest Is 4 Compounded Monthly Ho 1 (35.07 KiB) Viewed 29 times
A car loan of $31,633.83 is to be repaid with end-of-month payments of $585.81. If interest is 4% compounded monthly, how long is the term of the loan? State your answer in years and months (from 0 to 11 months). It will require year(s) and month(s) to repay the loan.
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