Multiple Choice
How much interest would you pay in total on a 48-month, $20,000 car loan at 13.2% compounded monthly?
A) $3,750
B) $4,759
C) $7,128
D) $5,850
E) $11,537
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q63: A $100,000 mortgage at 7.1% compounded semi-annually
Q64: How much interest would you pay during
Q65: A $200,000 mortgage at 5.5% compounded monthly
Q66: Sally is considering purchasing a condo that
Q67: A loan of $10,000 at 9.5% compounded
Q69: Gloria purchased a $45,000 vehicle by financing
Q70: Jason purchased a car for $32,000 and
Q71: A loan of $49,600 is to be
Q72: Miss Jones borrowed $10,000 at 12% compounded
Q73: The Dawsons are refinancing their 20-year mortgage