genflo5284 genflo5284

07-11-2020
Mathematics

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Mike purchases a $22,000 car and plans to pay back the loan by making monthly payments over the course of 5 years. The interest rate is 3%. Compute Mike’s monthly payments using the amortization formula.

$383.09
$395.32
$427.91
$442.63

Respuesta :

07-11-2020

Answer:
the second one
$395.32

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