You purchase a car in the amount of $32,000. You secure a loan for 5 years at a rate of 4.9%. What is your monthly payment?

Question

Mathematics

Esther Lloyd

24 December, 01:43

You purchase a car in the amount of $32,000. You secure a loan for 5 years at a rate of 4.9%. What is your monthly payment?

+3

Answers (2)

Know the Answer?

Pablo Brock · Answer 1

do 32,000:4.9

Step-by-step explanation:

if you dknt know how to divide message me.

Konner Velez · Answer 2

The other answer is wrong

Even if I don't know the answer since 4.9% isn't clear what is used for, is it the monthly interest rate or a yearly interest-rate or a total interest. Let me know what it means so I can answer