SOLUTION: You want to buy a car. The loan amount will be $25,000. The company is offering a 5% interest rate for 48 months (4 years). What will your monthly payments be?

SOLUTION: You want to buy a car. The loan amount will be $25,000. The company is offering a 5% interest rate for 48 months (4 years). What will your monthly payments be?

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Question 1197632: You want to buy a car. The loan amount will be $25,000. The company is offering a 5% interest rate for 48 months (4 years). What will your monthly payments be?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

= $575.73 monthly payment
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