Wesley has a 60 month automobile loan at 4.79% interest. The principal of the loan is...
- Wesley has a 60 month automobile loan at 4.79% interest. The
principal of the loan is $21,000.
- What is the loan payment?
- How much interest will he pay over the life of the loan if he only makes minimum payments? Hint: calculate the loan payment at 0% interest too.
Homework Answers
1)
2)
Total interest will be $0 as minimum payment was made with interest rate 0%.
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Wesley has a 60 month automobile loan at 4.79% interest. The
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