Suppose that you borrow $15 comma 000 for five years at 6% toward the purchase of a car. use pmt equals [tex]rac{p (rac{r}{n})}{1 - (1 + rac{r}{n})^-}[/tex] to find the monthly payments and the total interest for the loan.

Monthly payments = $ 289.992Total interest = $ 2399.520Step-by-step explanation:Given formula of mon...

Mathematics, 06.10.2019 08:30 djs1002

Suppose that you borrow $15 comma 000 for five years at 6% toward the purchase of a car. use pmt equals $\frac{p (\frac{r}{n})}{1 - (1 + \frac{r}{n})^-}$ to find the monthly payments and the total interest for the loan.

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Suppose that you borrow $15 comma 000 for five years at 6% toward the purchase of a car. use pmt equ...