You purchase a car using a $20,000 loan with a 5% simple interest rate.(
a. suppose you pay th...
Mathematics, 20.12.2019 06:31 purplebandit96
You purchase a car using a $20,000 loan with a 5% simple interest rate.(
a. suppose you pay the loan off after 4 years. how much interest do you pay on your loan? show yourwork and don’t forget the unit! (
b. suppose you pay the loan off after 3 years. how much interest do you save by paying the loan offsooner? show your work and don’t forget the unit.
a.
b.
Answers: 2
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