Nolan Walker decided to buy a used snowmobile since his credit union was offering such low...

 

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Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,400 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.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Answer is complete but not entirely correct. Interest paid $ 240.93 Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $4,400 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.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Answer is complete but not entirely correct. Interest paid $ 240.93

Answer rating: 100% (QA)

Answer First find the length of the loan in years St... View the full answer