Mathematics, 22.04.2021 03:40 dieguezisabel

Monty Ricker obtained a used car loan of $ 6,000.00 at 8% for 36 months. The monthly payment is $ 187.80. The balance of the loan after 12 payments is $ 4,159.90. The balance after the 34th payment is $ 380.60. A. What is the intrest for the first payment?
B. What is the intrest for the 13th payment?
C. Explain why the intrest is so diffrent for the
two payments.

D. What is the balance after the 35th payment

Answers: 2

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Monty Ricker obtained a used car loan of $ 6,000.00 at 8% for 36 months. The monthly payment is $ 18...