a commercial bank will loan you 54567 for 4 years to buy a car. the loan must be repaid in equal monthly payments at the end of the month . the annual interest rate on the loan is 5-98% of the unpaid balance. what is the amount of the monthly payments?

Answer rating: 100% (QA)

ANSWER IS To find the monthly payment for the loan we can use the formula for the monthly ... View the full answer