Homework Help: MATH PLEASE HELP

Posted by MathHelp on Tuesday, October 4, 2011 at 6:03pm.

a) How much will the monthly payment on a five yr car loan that changes 8.1% interest (compounded monthly) if the amount borrowed is $12,000? b) How much total interest will be paid over the life of the loan

for A i think it's 300?

MATH PLEASE HELP - Steve, Tuesday, October 4, 2011 at 8:17pm
Most loans don't charge compound interest. You sure this is right?

Answer this Question

Related Questions

calculus - the monthly payment that amortizes a loan of A dollars in t yr when ...
Math - 4. Vanna has just financed the purchase of a home for $200 000. She ...
financial management - suppose you purchase a home for $150,000.and obtain a 90...
mathematics - The monthly loan payment was calculated at 119 payments of $330.38...
MATH - Five years ago, you bought a house for $151,000, with a down payment of $...
Math Finance please help - Five years ago, you bought a house for $151,000. You ...
finance - equipment cost $20,000 and is financed over a period of five years at ...
math - Five years ago, you bought a house for $151,000, with a downpayment of $...
Algebra: Statistics - Five years ago, you bought a house for $151,000, with a ...
ALGEBRA - Find the amount of interest and the monthly payment for the loan. ...

For Further Reading

First Name:
School Subject:
Answer: