Suppose that you borrow $13,000 for three years at 5% toward the purchase of a car. use [tex]pmt = rac{prac{r}{n}}{1-(1+rac{r}{n })^-}[/tex] to find the monthly payments and the total interest for the loan.

PMT is 389.62Total interest for the loan is $ 1026.32Step-by-step explanation:Given formula of month...

Mathematics, 01.11.2019 03:31 shayhiddinovxasan93

Suppose that you borrow $13,000 for three years at 5% toward the purchase of a car. use $pmt = \frac{p\frac{r}{n}}{1-(1+\frac{r}{n })^-}$ to find the monthly payments and the total interest for the loan.

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Suppose that you borrow $13,000 for three years at 5% toward the purchase of a car. use [tex]pmt = \...