Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what would be the monthly payment on a car loan if

What would be the monthly payment on a car loan if you're buying a $20,000car,...

50.1K

Verified Solution

Question

Finance

image
What would be the monthly payment on a car loan if you're buying a $20,000car, financed over 48 months, with an APR of 6% with monthly compounding? The monthly payment would be $526.68 The monthly payment would be $521.46 The monthly payment would be $526.68 The monthly payment would be $2,152.20 The monthly payment would be $441.67

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

2.32 The following are the grades that 50 students obtained on an accounting test: 73 65 82 70 45 50 70 54 32 75 75 67 65 60 75 87 83 40 72 64 58 75 89 70 73 55 61 78 89 93 43 51 59 38 65 71 75 85 65 85 49 97 55 60 76 75 69 35 45 63 Convert the distribution...

Chemistry
1.2K views

1. Why is that during alpha emission, the atomic number decreases by two, and the mass...

Chemistry
1.2K views

A sample of metal with a mass of 350 g is heated to 100 degrees celcius...

Physics
1.2K views

The length of a simple pendulum is 0.79 m and the mass of the particle (the

Physics
1.2K views

An object s angular acceleration is 36 rad s If it were initiall spinning with...

Geometry
1.2K views

Suppose that sin 21 Find the exact value of sin 1 if the angle lies...

Accounting
1.2K views

(For questions 3, 4 and 5) On January 1, 20X4, Guard Security Service...

Accounting
1.2K views

Suppose a farm is incurring $50,000 a year in fixed costs. Its variable cost is...

Accounting
1.2K views

4. Read Mattel's Global Manufacturing Principles (GMP) shown in Table 3. Should anything else be...

Accounting
1.2K views

Comprehensive Problem 11-69 (LO 11-1, LO 11-2, LO 11-3, LO 11-4, LO 11-5, LO 11-6)...

Finance
1.2K views

You will receive a birthday gift of $20,000 in THREE years. If you want have...

Finance
1.2K views

urgent !!! Here are forecasts for next year for two...