citycardriving123458 citycardriving123458

18-03-2020
Mathematics

contestada

Brent took out a 48-month loan
for $16,000 to buy a car. If the
compound interest rate was 8%,
how much will he pay for the car
including interest?

Respuesta :

brainlessdude brainlessdude

18-03-2020

Step-by-step explanation:

8/100(8 over 100)×16000=1280

1280+16000=17280

Answer Link

amna04352 amna04352

13-04-2020

Answer:

$21,767.82

Step-by-step explanation:

48 months = 48/12 = 4 years

16000 × (1 + 8%)⁴

16000 × 1.08⁴

= 21,767.82336

Answer Link

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