question archive You obtain a 4-year car loan of 10000 at an annual interest rate of 5%
You obtain a 4-year car loan of 10000 at an annual interest rate of 5%
Subject:EconomicsPrice: Bought3
You obtain a 4-year car loan of 10000 at an annual interest rate of 5%. The monthly payment on the loan is 230.29. Your last payment of $230.29 includes the remaining balance of the loan plus the interest due on that remaining balance. Find the remaining balance of the loan for the last payment
