jazariaisol2
jazariaisol2 jazariaisol2
  • 13-01-2021
  • Mathematics
contestada

What is the monthly payment rate for a $20,000 loan for 4 years with an annual interest rate of 4.8%?

Respuesta :

Marcarthy
Marcarthy Marcarthy
  • 13-01-2021

Answer:

3840

Step-by-step explanation:

Calculate your total interest by using this formula: Principal Loan Amount x Interest Rate x Time (aka Number of Years in Term) = Interest.

Answer Link

Otras preguntas

Chloe deposits $2,000 in a money market account. The bank offers a simple interest rate of 1.2%. How much interest will she earn in 10 years
Choose the best answer. (subir- to climb up) -Los senores suben. -Los senores subin -Los senores suban - Los senores subimos
Jazz music evolved from the blending of which traditions and musical practices? a. African traditions and European and American musical practices b. Afric
The perimeter of a rectangle is 88cm. Its longest side has a length of 27cm. State the length of the shortest side.
The flowers of pink tulips open in the morning, while the flowers of lavender tulips open in the early afternoon. The bees that pollinate these tulips cannot ca
Both declarations and declaration of the right of men
Marissa's hair was 10 inches long and then she cut w inches
Is Social Health The same as or different from Emotional Health
Solve the following: 4x-1 =x+7 ——- 2
What can you tell about the fossils found near each other in the same layer of rock? Please type at least 2 complete sentences.