Murray buys a car for $10,995. He gets a trade-in allowance of $3995 for his old car. If he takes out a loan at 11% interest for 4 years, how much will the monthly payments be?

Murray buys a car for $10,995. He gets a trade-in allowance of $3995 for his old car. If he takes out a loan at 11% interest for 4 years, how much will the monthly payments be?
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1 Answer

borro=10,995 -3,995=7,000$

4 yeers & 11%

paement=180.92$/month

total pae=8,684.08$
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