VampireQueen01
contestada

Karim has decided to purchase a $22,000 car. He plans on putting 20% down toward the purchase, and financing the rest at 7.8% interest rate for 4 years. Find his monthly payment.

Respuesta :

Where is your right mind did you actually get $5,000 as MONTHLY PAYMENT? I just want to see your explanation.

22,000 * %20 or .20 = 4,400

22,000 - 4,400 = 17,600

17,600/ 48 (Which is 4*12 for 48 total months) = 366.67

366.67 * .078 or 7.8%

teenagedirtbag679

Answer:

428.02

Explanation:

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