Anthony borrowed 30500 to buy a new car the stated interest


Anthony borrowed $30,500 to buy a new car. The stated interest rate is 4.8 percent per year, but he is required to make monthly payments for five years. What is his monthly payment on the loan?

Using the financial calculator.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Anthony borrowed 30500 to buy a new car the stated interest
Reference No:- TGS02758546

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)