Mathematics, 25.10.2019 07:43 KylaChanel4756

gilbert morales has a car loan of $195 per month at 8% annual interest rate. he would like to pay off the car three years early. how much will his payoff be?
a=m⎛⎝1−1(1+m)q⎞⎠m
a. $7,020.00
b. $6,220.00
c. $4,680.00
d. $560.00

Answers: 1

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gilbert morales has a car loan of $195 per month at 8% annual interest rate. he would like to pay off the car three years early. how much will his payoff be? a=m⎛⎝1−1(1+m)q⎞⎠m a. $7,020.00 b. $6,220.00 c. $4,680.00 d. $560.00

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Another question on Mathematics

gilbert morales has a car loan of $195 per month at 8% annual interest rate. he would like to pay off the car three years early. how much will his payoff be?
a=m⎛⎝1−1(1+m)q⎞⎠m
a. $7,020.00
b. $6,220.00
c. $4,680.00
d. $560.00