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Assume that you take out a $ 2 0 0 0 loan for 3 0 months at 9 . 5 % APR. What is the
Assume that you take out a $ loan for months at APR. What is the monthly payment? Round your answer to the nearest cent.
$
Correct: Your answer is correct.
If you make the payment you just calculated every month for months, how much will you have paid altogether?
$
Correct: Your answer is correct.
If you make the payment you just calculated every month for months, what is the dollar amount of interest paid altogether?
$
Correct: Your answer is correct.
If you make the payment you just calculated every month for months, what is the percentage of interest paid altogether? Round the percentage to one decimal place.
Incorrect: Your answer is incorrect.
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