katelyn3847 katelyn3847
  • 18-03-2022
  • SAT
contestada

What is the monthly payment rate for a $20,000 loan for 4 years with an annual interest rate of 4. 8%?

Respuesta :

angiegmz170
angiegmz170 angiegmz170
  • 18-03-2022

Answer:

The monthly payment rate should be $3,480.

Given that,

   The monthly payment rate for a $20,000 loan for 4 years with an annual interest rate of 4.8%.

Based on the above information, the calculation is as follows:

= $3,480

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