A commercial bank will loan you $35,832 for 3 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The…

A commercial bank will loan you $35,832 for 3 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The annual interest rate on the loan is 12.30 percent of the unpaid balance. What is the amount of the monthly payments?

Round the answer to two decimal places.

The post A commercial bank will loan you $35,832 for 3 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The… appeared first on Empire Essays.


A commercial bank will loan you $35,832 for 3 years to buy a car. The loan must be repaid in equal monthly payments at the end of the month. The… was first posted on May 10, 2022 at 1:30 am.
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