When Maria Acosta bought a car 2 1/2 years ago, she borrowed $11,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $267.51, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2 1/2 -year mark? (Round your answer to the nearest cent.)$
When Maria Acosta bought a car 2 1/2 years ago, she borrowed $11,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $267.51, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2 1/2 -year mark? (Round your answer to the nearest cent.)$
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Question
When Maria Acosta bought a car
2 1/2 years ago,
she borrowed $11,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $267.51, but she'd like to pay off the loan early. How much will she owe just after her payment at the
2 1/2 -year
mark? (Round your answer to the nearest cent.)
$
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