Author Question: Suppose you purchase a car and you are going to finance $15,000 for 60 months at an APR of 7.5% ... (Read 111 times)

wrbasek0 · **on:** May 5, 2020

Question 1

Suppose you purchase a car and you are going to finance $18,000 for 60 months at an APR of 7.2% compounded monthly. Find the monthly payments on the loan. Round your answer to the nearest cent.
◦ $358.12
◦ $338.63
◦ $378.47
◦ $433.13
◦ 398.39

Question 2

Suppose you purchase a car and you are going to finance $15,000 for 60 months at an APR of 7.5% compounded monthly. Find the monthly payments on the loan. Round your answer to the nearest cent.
◦ $292.09
◦ $354.34
◦ $352.28
◦ $300.57
◦ $289.99

ambernicolefink · **Reply #1 on:** May 5, 2020

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