Question: I need help with this problem thank you Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest

I need help with this problem thank you

I need help with this problem thank you Nolan Walker decided to

Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $3,800 at 4.75% on December 26,2021 , and paid it off February 21,2023 . How much did he pay in interest? (Assume ordinary interest and no leap year.) (Use Days in a year table.) Note: Do not round intermediate calculations. Round your answer to the nearest cent

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!