Question

Martha buys a car for $12,465. She has no car to trade in. Her down payment is $1465. If she takes out a loan at 13% interest for 5 years, how much will the monthly payments be?

Answer 1

12,465 -1,465=11,000$ borro

13% & 5 yeers

paement=250.28$/month

Answer 2

borro=12,465-1,465=11,000$

This is like get morgage tu pae for hous, $ borro=11,000$

monthlee paements, interest=13% & pae it off in 5 yeers

Me hav software tu run the numbers

it sae yu gotta pae 250.28$/month

total yu pae=15,017.12...5yrs=60 months

if yu tri 60*250.28, yu get 15,016.8...differ kauz last paement slitely different

and round paements tu neerest sent