haileebug561 haileebug561

06-12-2017
Mathematics

contestada

Kevin gets and auto loan of $12,000 at 8% annual interest. The terms of his loan state that he has to pay 292.96 each month for 4 years. How much total interest will he have to pay?

A. $384
B. $960
C. $1171.84
D. $2062.08

Respuesta :

michaelcohen41oy7lzg michaelcohen41oy7lzg

07-12-2017

[tex]292.96 \times 48 = 14062.08 - 12000 = 2062.08[/tex]

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