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PLS HELP!!!! Car Loan Phil bought a car by taking out a loan for $18,500 at an interest rate of 6% per year. The normal
PLS HELP!!!!
Car Loan Phil bought a car by taking out a loan for $18,500 at an interest rate of 6% per year. The
normal monthly charge is $434.47 and he will pay an additional $100 per month in order to pay off
the loan sooner.
2 (i) How many monthly payments will it take for the ending balance to fall below $10,000?
2. (ii) How many months will it take to pay off the loan?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
