document.write( "Question 1157594: You want to buy a car. The loan amount will be $34,000. A bank is offering a 2% interest rate for 48 months (4 years). What will your monthly payments be? \n" ); document.write( "

Algebra.Com's Answer #780467 by Shin123(626) $\"\"$ $\"About$

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Assuming interest is applied every year, you will have to pay back $ $\"34000%2A%281.02%29%5E4\"$ , which is approximately $36,802.69. So your monthly payments will be $ $\"36802.69%2F48\"$ , which is approximately $ $\"highlight%28highlight_green%28highlight%28766.72%29%29%29\"$ . \n" ); document.write( "

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