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An automobile loan is to be paid off in 6 years by making monthly payments. Find the payment, rounded to the nearest cen
Posted: Thu May 12, 2022 7:28 am
by answerhappygod
- An Automobile Loan Is To Be Paid Off In 6 Years By Making Monthly Payments Find The Payment Rounded To The Nearest Cen 1 (17.52 KiB) Viewed 24 times
An automobile loan is to be paid off in 6 years by making monthly payments. Find the payment, rounded to the nearest cent, if the loan amount was $28,500 and the rate was 2.4% Use the Present Value of an Ordinary Annuity formula: (+ PV = PMT 1-(119)) What was the total of the interest payments for this loan? Round answer to the nearest cent. A/