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Algebra
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OpenStudy (mackenzie6302):
Kevin gets an auto loan of $12,000 at 6% annual interest. the terms of his loan state that he has to pay $281.82 each month for 4 years. How much total interest will he have to pay? • $288 • $720 • 1527.36 • 3381.34
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OpenStudy (dumbcow):
Total interest equals total payments - initial amount 4 years is 48 months multiply monthly payment by 48 then subtract 12000
OpenStudy (mackenzie6302):
Thanks for the help!!
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