Khaled did take a loan last year to buy a car, the loan amount was 40,000 Riyals and the monthly payment was 811,06 Riyals the interest rate was 8% APR and the loan was for 5 years. Now after 1 year. Khaled decided to sell the car and pay off the loan. How much will Khaled pay to pay off the loan?

Answer rating: 100% (QA)

Absolutely Ive been sharpening my skills in handling financial problems and Im happy to help Lets find out how much Khaled will need to pay to pay off ... View the full answer