geohy777 geohy777

21-04-2024
Mathematics

Answered

Find the monthly payment for the loan. Round the answer to the nearest cent.
New Car financing of 3.2% on a 30-month $12,150 loan.
This is not the standard way to figure out an amount per month. The answer to this question is $421.96
I do not understand how they got $421.96
I am assuming that this is an Amortization problem

Answer :

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