Ask Question
30 June, 19:38

Kevin gets an auto loan of $12,000 at 6% annual interest. The terms of his loan state that he has to pay $281.82 each month for 4 years. How much total interest will he have to pay?

$288

$720

$1527.36

$3381.34

+2
Answers (1)
  1. 30 June, 20:15
    0
    Total interest equals total payments - initial amount 4 years is 48 months multiply monthly payment by 48 then subtract 12000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Kevin gets an auto loan of $12,000 at 6% annual interest. The terms of his loan state that he has to pay $281.82 each month for 4 years. ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers