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01-09-2020
Mathematics

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Aaron bought a $3,000.00 car from Chad's Used Cars. What was his cost of credit if he had a 5 year loan at 3.5% interest? P is the principal, r is the interest rate, m is the number of monthly payments, M is the monthly payment
A. $274.80
B. $380.40
C. $227.04
D. $164.76

Aaron bought a 300000 car from Chads Used Cars What was his cost of credit if he had a 5 year loan at 35 interest P is the principal r is the interest rate m i class=

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genesispaz genesispaz

01-09-2020

Answer:

Term in months. Number of months for this loan. Loan amount. Total amount of your loan. Interest rate. Annual ...

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