Mathematics, 19.06.2021 01:00 sarahjunexx
Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.
To buy a car, you borrow $28,000 with a term of five years at an APR of 5%. What is your monthly payment? (Round your answer to the nearest cent.)
$
How much total interest is paid? (Round your answer to the nearest cent.)
$
Answers: 2
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Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answ...
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